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Trump's Latest Tariff Announcement Heightens Uncertainty, European Auto Stocks Open Lower
2025-07-14 /
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Author：小编
On July 14, U.S. President Trump unveiled plans to impose a 30% tariff on imported cars from Mexico and the European Union, effective August 1, which subsequently led to a general decline in the shares of European automakers. The Stoxx 600 Automobiles & Parts index experienced a dip of approximately 1.4%. Metzler Equities analyst Pal Skirta emphasized that Trump's new tariff announcement further intensified industry uncertainty. Shares of prominent German automakers such as Porsche, BMW, Mercedes-Benz, and Volkswagen fell within the range of 1.3% to 1.7%. Additionally, Italian automakers Ferrari and Stellantis, along with Swedish automaker Volvo, witnessed their share prices decline by 0.8% to 1.6%.
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