The DAX 40 fell more than 1% on Monday, slipping below 25,000 as negative sentiment spread across European markets amid the spectre of renewed trade tensions between the US and Europe over Greenland. US President Trump has announced 10% tariffs from February 1st, potentially rising to 25%, on all imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland "until an agreement is reached for the complete and total purchase of Greenland." In response, the EU is reportedly considering retaliatory tariffs on €93 billion of US goods or restricting US firms’ access to its internal market. Auto stocks fell sharply, with BMW, Volkswagen, Porsche and Mercedes-Benz down over 3%. Infineon Technologies, Siemens and SAP dropped 3.1%, 2.6% and 2%, respectively. On the upside, defense firms Renk (4.7%), Hensoldt (3%) and Rheinmetall (2.2%) advanced firmly. Bayer soared nearly 7% after the US Supreme Court agreed to review the 'Durnell' glyphosate case".