Car giants come up when the Trump’s wide world tariffs come into force

Car giants of Europe slipped on Wednesday, Expanding the latest losses As the US President Donald Trump’s tariffs came into force on dozens of countries – including A Big 104% College to China.

Trump’s latest trading measures that came into force from 5am in London include 20% tariff for the European Union, 24% tariff for Japan and 49% Cambodia fee.

China answers Trump’s tariff policy, going to the US imports up to 84%, with the duties will come into force on April 10.

Stock supplier French cars Valeo On Wednesday, 7.1%were bargaining, exposed to the bottom of the Stoxx 600 Index.

Germany Volkswagen. Group Mercedes-Benz and Bmw About 2%fell, the latter scored a fresh 52-week low.

In Asia Japan Nissan and Toyota decreased by 7% and 2.6% respectively.

Trump’s “mutual” trading measures will be applied separately, not over existing American authors, S&P Global reports.

Last Thursday, the United States implemented a 25% fee on all foreign cars that were imported into the country. The White House said he also intends to place tariffs for some auto parts no later than May 3.

Analysts warn that German car manufacturers are likely to be most subjected to US trade.

“Tariffs are a blow for especially German car manufacturers that export hundreds of thousands of units annually (749,000 in 2024) and produce many cars in the American ones that require European parts,” said Rico Luman, the Senior Sector of the Economist and Logistics in the Dutch Bank, CNBC.

“It is difficult to do about tariffs, and they seem to remain at least a while, so they need to fight it, and they will have to review the proposals, pricing and making traces,” he added.

The escalation trade war is expected to have a deep impact on the world automotive industry, especially given the high globalization of the supply networks and great dependence on production operations across North America.

In those days as Trump’s car service came into force, car giants have answers Announcement Plans for Raising Prices, Hop Import, Pause of delivery. Plans of the plant And even fired staff.

Luman Ing said that while dropping sales in the US is likely to hurt German manufacturers producers amid a complex set of problems, this picture “does not look dramatic yet.”

“China is really even more important, and their home market requires more attention,” Luman said. “I would say that the focus will be strengthening the competitive force and sell more cars in the European market (and possibly the development of other export markets around the world).”

“BMW and Mercedes are one of the leading US car exporters, so the most subjected to retaliation among European automakers,” Rella Suskin, an Equity Morningstar analyst, said.

She added that both companies may face double tariffs on cars made in Mexico and Canada.

“However, we believe that most models that produce these companies in Mexico or Canada can be easily replaced by vehicles imported from Europe, which attract only the world 25% of the fares,” she added.