FRANKFURT/PARIS (dpa-AFX) - Hopes of an easing in the looming car tariff dispute with the upcoming U.S. administration under Donald Trump further boosted the auto sector on Monday afternoon. The Stoxx Europe 600 Automobiles & Parts rose 3.2 percent, overtaking the tech sector to lead the industry table.

Among the most actively traded stocks on the Dax were Volkswagen, Mercedes-Benz, automotive supplier Continental and BMW, which saw gains of between 3.5 and 4.6 percent. Shares of sports carmaker Porsche AG were the top performers on the index, rising as much as 6.7 percent. The shares of the multi-brand group Stellantis rose by 4.7 percent.

Donald Trump's advisers are considering the possibility of levying tariffs on goods from all countries, but only on critical imports, the Washington Post writes, citing three people familiar with the matter. This would be a departure from Trump's election campaign promises to impose tariffs on all imports to the US.