The Paris CAC 40 fell 1.0% to around 7,850 on Tuesday, reversing slight gains from the previous session, as French political uncertainty and US-China tensions weighed on sentiment. French President Emmanuel Macron rejected calls to resign and criticized opponents, with his government facing two no-confidence motions that could topple it by the end of the week. Market concerns were further amplified by US-China trade risks, as both countries plan to impose additional port fees on shipping companies starting Tuesday. Michelin led losses with an 8.3% drop after lowering annual targets amid a worsening economic environment, now expecting operating income of €2.6–3.0 billion, down from over €3.4 billion. Stellantis fell 3.4% after Moody's placed its credit rating outlook on “negative” while keeping its Baa2 rating. Other notable decliners included Teleperformance (-2.7%), ArcelorMittal (-2.0%), and Kering (-1.4%).