Thyssenkrupp Stock: US Tariffs Trigger 8% Plunge

Thyssenkrupp's shares experienced a significant downturn Monday morning, plummeting more than eight percent in pre-market trading on the Tradegate platform compared to Friday's Xetra closing price. The sharp decline came in response to the US President's announcement of a 25 percent import tariff on steel and aluminum products. While the German steel industry's exports to the United States represent only a fraction of its total output, with approximately 80 percent of German steel exports flowing to other EU countries, the market reaction highlights investors' acute sensitivity to trade policy tensions.

European Steel Sector Response

The ripple effects of the tariff announcement have spread throughout Europe's steel industry, with market leader ArcelorMittal also posting substantial losses. The European Union is already preparing countermeasures to protect domestic industry interests, drawing from previous trade disputes where retaliatory tariffs were imposed on US products. The specific nature of the EU's response will be determined once the final details of the US tariffs emerge in the coming days.

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Source StockWorld