DAX Slips on New Tariff Threats
2026-01-19 08:28
By
Luisa Carvalho
1 min. read
The DAX 40 fell about 1.3% to close at 24,960 on Monday, the lowest since January 6, as negative sentiment spread across European markets amid the spectre of renewed US-EU trade tensions.
US President Trump has announced 10% tariffs from February 1st, potentially rising to 25%, on all imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland "until an agreement is reached for the complete and total purchase of Greenland." In response, the EU is reportedly considering retaliatory tariffs on €93 billion of US goods or restricting US firms’ access to its internal market.
Auto stocks fell sharply, with BMW, Volkswagen, Daimler Truck, Porsche and Mercedes-Benz losing up to 3.7%.
Banks and technology stocks also faced pressure.
Among gainers, Bayer shares soared 6.9% after the US Supreme Court agreed to review the 'Durnell' glyphosate case".
Defense firm Rheinmetall also advanced, adding nearly 1%.