economy
January 19, 2026
Auto giant shares tumble on Trump’s tariff threat over Greenland
Shares of some of Europe's biggest carmakers fell on Monday morning.
TL;DR
- European carmaker stocks fell sharply on Monday morning.
- The decline followed U.S. President Donald Trump's pledge to impose tariffs on several European countries over Greenland.
- Volkswagen, BMW, Mercedes-Benz, Ferrari, and Stellantis saw notable share price drops.
- Trump announced 10% tariffs on the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland, to be raised to 25%.
- European political leaders are expected to hold emergency talks.
- The automotive sector is considered vulnerable to levies due to globalized supply chains.
- An investment manager noted that tariffs are a blunt tool with diminishing impact over time and highlighted the automotive industry's exposure, especially with existing threats from Chinese competitors.
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