European stock markets have fallen to the lowest levels in the last two weeks due to trade tensions between the US and China, with significant losses in the mining sector and in Michelin shares.

European stock markets recorded significant declines, with the Stoxx 600 index falling by 0.6%, and Germany's DAX by 0.9%. Trade tensions between the US and China have increased, with President Trump threatening 100% tariffs on Chinese goods in response to restrictions imposed by Beijing on rare earth exports. China controls 70% of the global supply of these resources, raising concerns about supply chains. The mining sector was the most affected, with the Stoxx Basic Resources index dropping by 2.1%. Michelin shares fell by 9% after the company revised its estimates for the current year, citing a decline in sales in North America. In contrast, Ericsson's shares rose by nearly 18% due to positive financial results. BP announced estimated accounting losses of up to $500 million, and the aerospace and defense sector was affected by concerns related to Chinese restrictions. In the foreign exchange market, the British pound depreciated, and investors are awaiting the IMF-World Bank meetings for global economic outlook.