European stocks slipped in early trading, led lower by automakers after US President Donald Trump said he would raise tariffs on cars imported from the region.

The Euro Stoxx 50 Index edged down by 0.08% at 9:16 a.m. in Paris. London’s stock exchange was closed due to a holiday. Tech shares gained as investor appetite for artificial intelligence plays lifted benchmarks in Asia to fresh records, following a fresh all-time high Friday in the US.