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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Coverage Details
Total News Sources0
Leaning Left7Leaning Right7Center2Last UpdatedBias Distribution44% Left, 44% Right
Bias Distribution
- 44% of the sources lean Left, 44% of the sources lean Right
44% Right
L 44%
12%
R 44%
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