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The shares of some of the largest automakers in the world were surprisingly sustainable on Thursday, even after US President Donald Trump is 25% tariffs for foreign car imports came into force.
The European Europe Autos Index was last seen 1.8% lower, breaking the loss after falling more than 2% shortly after the entrance call.
Germany Volkswagen. Group Mercedes-Benz and Bmw All traded by 2% below at 11:45 in London (6:45 am) and Milan listed Stellantis Abandoned 1%. However, Wolvo Cars Sweden shares have fallen over 10%.
The state, Freod and General Motors Both were 1.5% lower in Darget.
Analysts and economists point out that a relatively muted reaction of car shares may partially attribute to the release from Canada and Mexico – where many car producers have production hubs – from the long -awaited “mutual” Trump tariff.
In the main speech, Trump said on Wednesday that his plan set 10% of the base tariff, and even higher tariff rates make up 34% in China, 20% in the European Union and 46% in Vietnam.
The White House said that Canada and Mexico would be released from the base rate, as well as from mutual fees for specific countries.
“The long -awaited mutual tariffs in the US were large and wide, but critically released Canada and Mexico (at least now) through CUSMA/USMCA trading,” economists in RBC Capital Markets Markets Markets Markets – Note In a research note published on Wednesday.
“Import tariffs from Canada will still grow on Thursday. Auto tariffs announced last week will still push the average tariff for imports from Canada by 3.5% of our count,” said Nathan Gianzen RBC.
“This increase will still matter, but now it looks little compared to the sharply higher tariffs that will be imposed on other countries,” they added.
On Tuesday, March 11, VW headquarters at VW headquarters at VW headquarters at VW headquarters at VW headquarters at VW headquarters VW at VW headquarters in VW headquarters in VW headquarters in VW headquarters.
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Trump before announced 25% of the tariff for all imported vehicles, the charges come into force on Thursday. The White House said the car details tax will be launched on May 3.
In recent months, the President’s President’s announcements about the tariffs are disturbed by global investors, corporate executives and US trading partners.
“Huge uncertainty”
Rico Luman, Senior Economist of the Transport and Logistics Sector in the Dutch Bank InG, said Thursday that the initial resistance in the automotive sector could be partially explained by investors who will receive a certain clarity of 25% Trump on automotive imports.
Asked if the release of Canada and Mexico from the new tariff regime can prove support for AUTOS shares, given that these two countries are an integral part of the North America’s supply network, Luman said that there is still a “huge uncertainty” about the influence of the “return tariff” of Washington.
He added that the introduction of US tariffs is likely to cause “significant” prices rising and a sharp drop in car sales in the coming months.
US President Donald Trump performs during the “Make a Wealthy” event at the White House shopping garden at the White House on April 2, 2025 in Washington, Colombia.
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“We have such tariffs, and I would say that most of the impact is already estimated at the stock prices, especially after the announcement last week and before,” Luman CNBC said.
“I would say the impact would quickly feel in terms of car pricing as there are limited stocks.
“Significant blow” for automakers
“I think investors are likely to respond, by re -reducing their impact on the sector,” said Thomas Inson, head of Autos Research at Kepler Cheuvreux, “CNBC said”Squawk Box Europe‘Thursday.
“We now have a confirmation that automakers will be a significant blow with some manufacturers, in particular Porsche AgStellantis or Volvo Cars were most affected, but also names such as Mercedes, BMW or Volkswagen, have suffered, “Immon said.
“We really have only one car maker who is insured from this tariff news that is RenaBecause they do not have direct exposure to space, but everyone else is, ”he added.
