LVMH OTC Shares Drop 4.78% on Goldman Sachs’ Warning of 10% EU Tariffs
Luxury conglomerate LVMH’s OTC unit LVMUY shares plunged 4.78% on European markets after Goldman Sachs warned that President Trump’s threatened 10% tariffs on eight EU nations from February 1 could shave 0.1–0.2% off regional GDP. Analysts indicate Germany faces the largest drag, potentially weighing further on LVMUY’s export-driven sales.
1. LVMUY Shares Plunge on U.S. Tariff Threats
LVMUY shares dropped by 4.78% on Monday following Goldman Sachs’ warning that proposed U.S. tariffs on European imports could dent continental economic growth. The firm highlighted that a 10% levy starting February 1, 2026, could shave 0.1–0.2% off GDP across key markets, with the impact on Germany—the luxury conglomerate’s largest export destination—potentially reducing its exports by up to 3.5% of GDP. LVMUY, which derives roughly 30% of its revenue from U.S. sales of leather goods and fashion, appears particularly vulnerable to weaker demand if tariffs are implemented.