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Trump threatened to "permanently shut down" the Canadian automotive industry, leading to a general decline in European automotive stocks. Stellantis dropped by 5.59%, Daimler Trucks fell by 5.04%, and Valeo and Volvo AB Unsponsored ADR Class B (Class B + Class A shares) decreased by up to 4.3%. Volkswagen, Porsche, and the Mercedes-Benz Group fell by up to 2.93%.