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Automaker Volkswagen and Stellantis confirmed that their vehicles made in North America will be released from the US president Donald Trump‘s Recently deployed 25% tariffsterm Bmw He says he will face levies when European car manufacturers are fighting new trade rules.
The recently returned White House leader has long threatened to paint tariffs on major US trading partners, including Canada, Mexico and the EU. Last week, new duties on Mexico, Canada and China came to pass.
The threat of tariffs for imports caused bells in Europe, as vehicles and cars are the largest exports of the European Union to the US. In 2023The EU had 102 billion euros ($ 110.6 billion) surplus in cars and cars from the US, with a category of 41% of its exports to America.
However, some of the giants in the region may, at least temporarily, skirts around new duties. Last week the White House provided delayed tariffs to the moon Automers whose vehicles are in line with the US-Mexico agreement, or USMCA-A trading transaction between three countries. According to its terms, if at least 75% of the car details come from North America, this may be released from New tariffs imposed on imports from Canada and Mexico.
“Our North American VW-Brenda cars comply with USMCA origin rules and are released from 25% of tariffs,” Volkswagen spokesman said in an email report.
“As a Global Car Manufacturer, we are very closely monitoring the development in North America and evaluate any potential consequences for the automotive industry and our company as a result of tariffs announced to the US, Canada, Mexico and the European Union.”
In addition to its flagship brand, Volkswagen owns various major car brands, including Skoda, Audi and Bentley.
“We are ready to work with politicians to find solutions that support the US industry while maintaining economic opportunities for workers, businesses and consumers,” the CNBC car giant said.
Meanwhile, Stellantis . Known for your cars Jeep and Dodge . thanked Trump for providing USMCA release on Friday’s statement and pledged to develop his operations in the US. The car was One of the large companies that gave a one -month release From the levies, ahead of the so -called mutual tariffs that come into force on April 2.
“We share the purpose of the president to build more American cars and create strong American jobs,” the firm said at the time. “We look forward to working with him and his team.”
Stocks Stellantis which has several plants in Mexicojumped after Trump announced the release of car manufacturers last week. The stock in London increased by more than 2%on Monday.
“Flying and difficult” situation
On the other hand, the German Automobile Giant BMW said that if the USMCA regulation remains, it will be charged.
“The current situation is very changing and difficult to import tariffs in North America,” the BMW said in an email. “BMW tariffs for import tariffs with USMCA rules. If this regulation remained in force, BMW will become one of the affected companies.”
“Our position remains unchanged: Free Trading, which has always been the guidelines for the BMW group, is of great importance worldwide,” the company added. “This is one of the most important growth drivers and progress. Tariffs, on the other hand, interfere with free trade, slow down innovations and set a negative spiral in motion.
In a note clients on Friday, UBS analysts estimate that 10% of the US sales for BMW were imported from Mexico at a fairly low price tag, mainly for models of 2 and 3 companies.
“It should be emphasized that the US BMW imports from Mexico have already been subjected to the tariff,” they said. “The paradise fare must, everything else, leads to the impact of ~ 400 million euros (before the price increase), is relatively small in the group context (4%). The more potential threat to BMW and other German manufacturers is a potential tariff by car made in the EU, which is before April 2.”
To the right and reversals of Trump tariffs, aimed at Canada and Mexico – where many world manufacturers of production plants have caused flying trade in regional reserves. Last month, after the president announced a 30-day gathering delay, world markets saw A The main sale of Auto sharesThe estimates are dramatically falling.
