The President of the United States, Donald Trump, said that there was no room for further negotiations, when he confirmed on Monday evening Danish time that the US will impose a 25 percent tariff on goods from Mexico and Canada from Tuesday. Photo: Andrej Ivanov/Ritzau Scanpix
Danish stocks fall after US tariffs on Mexico, Canada
The Danish C25 index plummeted by 2.2 percent on Tuesday due to the anticipation of tariffs emerging in Europe, influenced by the recent US imposition of 25 percent tariffs on goods from Mexico and Canada. Tine Choi Danielsen, chief strategist at PFA Pension, highlights the uncertainty surrounding the next moves and notes the market’s delayed reaction to tariff rates. Nearly all stocks in the C25 index dropped, with GN Store Nord seeing an over eight percent decline. Major shipping companies DSV and Maersk also closed in the red. Following initial impacts on US and Asian stocks, European markets experienced a sell-off, responding to the negative sentiment, as expressed by Danielsen.