Healthcare stocks led sectoral decliners in Europe on Wednesday, as President Donald Trump's latest threat of higher tariffs on pharmaceutical imports kept traders on edge.

The announcement by the president comes just a week after he said he would be slapping a 25% tariff on imports from India, as well as an unspecified "penalty," because of its purchases of Russian military equipment and energy.

U.S.-India ties are facing their most serious crisis in years after talks with India failed to produce a trade agreement.

Big banks said they agree with President Donald Trump that financial regulations need an overhaul, even as their stock prices dropped Tuesday after the president confirmed plans to issue an executive order to punish those that he said discriminate against conservatives.

President Donald Trump accused two of the nation’s largest banks of rejecting his business, as his administration was preparing an executive order threatening financial institutions who refused to work with certain customers on ideological grounds.

President Donald Trump on Monday weighed in on clothing brand American Eagle’s provocative new ad campaign, praising its star, Sydney Sweeney, in remarks that appeared to boost the company’s stock price.

Trump also slammed billionaire singer Taylor Swift, luxury vehicle company Jaguar and beer brand Bud Light, all of which he called “woke.”

Americans Eagle shares rose more than 23% on Monday, Aug. 4, after President Donald Trump praised its controversial ad starring Sydney Sweeney.