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European carmaker shares fall after Trump imposes tariffs

U.S. President Donald Trump imposed new tariffs of 25% on goods from Canada and Mexico and 10% on imports from China, leading to a decline in European carmaker shares.
Prime Minister Justin Trudeau announced retaliatory tariffs of 25% on $155 billion worth of U.S. Goods in response to the new levies.
China plans to file a lawsuit with the World Trade Organization against the U.S. For the tariff hike, claiming it violates WTO rules.
European carmakers like Volkswagen and Stellantis saw shares drop around 6%, with analysts predicting significant revenue impacts due to the tariffs.

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Associated Press News

+4 Reposted by 4 other sources

Stocks from automakers to retailers feel pressure from tariff threats - Seymour Tribune

NEW YORK (AP) — Companies in a wide range of industries are seeing their stocks come under pressure Monday on Wall Street because of tariff threats from President Donald Trump. Automakers, technology companies and retailers all fell as the U.S., Mexico, Canada and China wrangled over tariffs. Trump said over the weekend that 25% tariffs on imports from Canada and Mexico would go into effect Tuesday, along with 10% tariffs on imports from China. …

1 month ago·United States

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Anadolu Ajansı

US president’s tariff threats hit European automakers

Volkswagen, Volvo, Daimler Truck, Porsche, and BMW shares decline over 5% - Anadolu Ajansı

1 month ago·Ankara, Türkiye

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Fria Tider

Broad course race after Trump's threat

Worries about trade wars. Red numbers in Stockholm and around Europe.

1 month ago

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Irish Times

European shares slump while dollar leaps as Trump’s tariffs shake markets

US stock futures drop and oil prices rally as president says measures could cause ‘pain’

1 month ago·Dublin, Ireland

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BizNews.com

European stocks drop as Trump eyes EU tariffs

Key topics Euro Stoxx 50 futures drop up to 3.4% on looming US tariffs. Trump vows “substantial” tariffs on EU, sparking market volatility. Automakers, energy, and mining sectors brace for potential impact. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. The seventh BizNews Conference, BNC#7, is to be held …

European carmaker shares fall after Trump imposes tariffs

(Reuters) -Shares in some of the biggest European carmakers slumped on Monday after U.S. President Donald Trump imposed new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, raising concern over possible duties on EU imports too. Volkswagen and Stellantis, which have major operations in Mexico and are particularly vulnerable to tariffs, were both down around 6%, falling the most among peers. Volvo Cars, Mercedes Benz,…

1 month ago

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