Danish equities faced broad selling pressure on Wednesday, with the C25 index turning negative across nearly all constituents.
The sell-off was triggered by fresh remarks from US President Donald Trump at the NATO summit, where he threatened to impose a 100% tariff on goods from any country that maintains a digital services tax on American companies.
The threat of a 100% tariff represents a dramatic escalation in the trade dispute, raising concerns about retaliatory measures and broader economic fallout.
This statement significantly escalated the ongoing transatlantic trade dispute, sending shockwaves through European markets.
Rockwool and FLSmidth were among the hardest hit on the Copenhagen Stock Exchange, reflecting investor anxiety over potential export barriers and supply chain disruptions.
The widespread decline in the C25 index underscores the sensitivity of Danish exporters to US trade policy shifts, particularly in sectors reliant on global supply chains and international demand.
The threat of a 100% tariff represents a dramatic escalation in the trade dispute, raising concerns about retaliatory measures and broader economic fallout.