Monday, January 19, 2026 at 9:28 AM
Shares of major European automakers, including Mercedes-Benz, BMW, and Volkswagen, fell significantly due to a new tariff threat from Trump, which could impose additional duties on imports from Europe.
Sector bellwether LVMH Moet Hennessy Louis Vuitton was down 4.2% and almost all other major European luxury makers dropped as well.
European equities and U.S. stock futures fell after Trump’s threats over Greenland. Gold and silver prices hit fresh records.
J.P. Morgan said the Greenland-related tariffs could trigger a broader negative shift in sentiment as market uncertainty increases.
From retaliatory tariffs to the never-before-used “bazooka,” European leaders have a slate to choose from in responding to U.S. threats over Greenland.
