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This photo shows the front logo of the car on the new Citroen C5 production line at the Stellantis car factory in Chartres-De-Bretagne, near Rena, Western France, July 3, 2025.
Demien Meyer | AFP | Gets the image
US president Donald TrumpTariffs on imports of European cars were Always expected The blow is strong – but the recent flurry of trade updates and corporate income from the leading automakers in the region can now demonstrate the impact.
Seeking to defend and strengthen the American automotive sector, Trump imposed In early April, 25% of vehicles and cars are tariffs.
The automotive sector is widely regarded as acutely vulnerable to fees, especially given the high globalization of supply chains and great dependence on production operations throughout North America.
US president is also raised tariffs Aluminum has also taken up to 50% for most countries. Steel and aluminum are necessary materials for durable goods such as machines and refrigerators.
US tariffs for the EU, car details and steel and aluminum.
Trump has recently threatened to gather car dealerships in the EU up to 30% since August 1, Expanding the pressure On the trade block of 27 nations. The European Commission, the EU Executive Hand, has since been Given his answer.
In an unexpected update on Monday, a Jeep manufacturer Stellantis – Note What Trump tariffs cost companies hundreds of millions of dollars.
A multinational conglomerate that possesses home names, including jeep, dodge, fiat, permaners and pegers, – Note He believes that from the first half of the year, the initial blow of about 300 million euros (351.1 million dollars) was hit by the pure tariffs that took place in the first half of the year.
The Stellantis automatic giant is waiting for a net loss of 2.3 billion euros (2.68 billion) in the first half of the year.
According to Reuters. The company’s financial results will be published in the first six months of 2025 on July 29.
Recently in Sweden Volvo cars, which is seen as one of the most open European manufacturers for the US, recently report A sharp decrease in the year in the second quarter operating income.
Last week, the company said the profit in the second quarter, with the exception of the comparative items, decreased to 2.9 billion Swedish crowns ($ 302.3 million), which at the same time compared to $ 8 billion.
In response to Trump tariffs, CEO Volvo Cars Hakan Samuelson said CNBC “Europe Early edition“On Thursday, the company intends to add its best -selling XC60 sports vehicle to the production line of the automotive plant in South Carolina.
Elsewhere French car Rena on Wednesday downgraded their 2025 recommendations And he announced the appointment of Duncan Minto to the temporary chief executive.
Renault stock from year to year.
In recent months, Renault has gone better than many of its European peers, with a flurry of new launches that increase sales in key markets.
A carmaker, which is not directly present in the US market, was previously allocated as a company that is relatively isolated from the failure of trade caused by Trump tariffs.
However, Renault has still encountered the pressure of the muted European demand and the rise in competition by Chinese car manufacturers.
Imports as a share of US car sales for major European companies.
Several European car giants still have to report corporate results. Among them is Germany VolkswagenIt is planned that on Friday it is planned to report the results of six months in Europe.
– David Martin and Erin Decharti in CNBC contributed to this report.
