European Automakers Fall on Trump’s Latest Tariff Threats (1)

European automakers plunged after US President Donald Trump threatened to hike tariffs again in the standoff over Greenland.

Mercedes-Benz AG shares fell as much as 6.7% in Frankfurt early Monday, BMW AG dropped 7% and Volkswagen AG slipped 5.4%. Porsche AG, which doesn’t manufacture in the US, fell as much as 4.9%.

Over the weekend, Trump blindsided a number of European countries, including Germany and France, with a plan to slap additional duties of 10% on imports from February, rising to 25% in June. German manufacturers rely on the US as a major source of sales and profits, and ...