LVMUY stock declined 4.78% in Monday trading as European equity benchmarks fell sharply following President Trump’s announcement of potential 10% tariffs on imports from eight European countries beginning February 1, 2026. The EURO STOXX 50 dropped 1.4% and the STOXX Europe 600 slid 1.2% in tandem with steep losses across global luxury names. Goldman Sachs estimates that a 10% tariff could shave 0.1%–0.2% off real GDP in affected economies, with Germany facing a hit equivalent to 3%–3.5% of its GDP under a broad implementation. Luxury brands like LVMUY are particularly exposed: U.S. export revenues account for roughly 15% of consolidated sales, and higher duties on leather goods and accessories would erode profit margins by an estimated 50 to 75 basis points. Investor sentiment was further shaken by the prospect of tariff escalation to 25% by June 1, which Goldman warns could push the GDP drag to 0.25%–0.5% and trigger broader market volatility.