German carmakers rise in early trade after tariffs pause
ReutersApr 10, 2025 6:52 AM
Shares in German automakers rise in early Frankfurt trade, swept up in global stocks markets rally after U.S. President Donald Trump paused tariffs for many countries, even if the announcement does not appear to affect duties on autos
Trump also said he would raise the tariff on Chinese imports to 125% from 104%
Porsche Holding PSHG_p.DE, Volkswagen VOWG_p.DE, Porsche AG P911_p.de, BMW BMWG.DE, Mercedes-Benz MBGn.DE are up between 5.8% and 10.4%
Auto parts maker and supplier Continental CONG.DE and German truckmaker Daimler Truck DTGGe.DE rise 9.8% and 11.6%, respectively
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