Here are the European exporters most exposed if Trump’s Greenland tariffs kick in

Tariff Threats and Economic Impact - U.S. President Donald Trump has announced plans to impose 10% tariffs on several European countries, escalating to 25% by June 1, as part of a strategy to acquire Greenland [2] - European political leaders are preparing for emergency talks to discuss potential retaliatory measures and broader economic policies in response to the tariffs [3] Affected Sectors Automotive - The automotive sector is highly vulnerable to the proposed tariffs due to globalized supply chains and reliance on North American manufacturing [4] - Major European car manufacturers, including Volkswagen, BMW, and Mercedes-Benz, experienced stock declines of over 2.5% following the announcement [5] - The tariffs are expected to negatively impact Germany's economic outlook, which is heavily reliant on the automotive industry [7][8] Luxury Goods - Luxury stocks, previously insulated from trade tensions, are now facing potential declines due to the tariffs, particularly affecting French companies like LVMH and Kering [9] - Shares of LVMH and Kering fell approximately 3.5% and 2.6%, respectively, following the tariff threats [10] Pharmaceuticals - The pharmaceutical sector could see significant repercussions, as it represents the EU's largest export to the U.S., with exports valued at €84.4 billion ($98.1 billion) in the first three quarters of the previous year [11] - Major pharmaceutical companies, including Novo Nordisk, Roche, and Sanofi, experienced slight declines in stock prices due to the tariff threats [12] Energy - The energy sector may be indirectly affected by the tariffs, with concerns over weaker global demand and lower crude prices impacting stock performance [13] - Energy stocks like Equinor, TotalEnergies, Shell, and BP saw declines ranging from 1% to 3.4% following the announcement [14] Broader Economic Implications - Analysts predict that the tariffs will have a widespread impact across various sectors, affecting oil prices, commodity prices, equity markets, and debt markets [16]