German carmakers rise in early trade after delay to U.S. tariffs on EU imports
ReutersMay 26, 2025 6:39 AM
Shares in German carmakers rise in early Frankfurt trade after U.S. President Donald Trump agreed to delay on Sunday his threat to slap 50% tariffs on imports from the EU
Mercedes MBGn.DE gains 2%, Porsche PSHG_p.DE is up 3%, BMW BMWG.DE 2%, while Volkswagen edges up 1.4%
Stocks in carmakers came under pressure last Friday as Trump threatened on Friday to slap 50% on goods coming from the European Union
Carmakers and parts STOXX 600 subindex .SXAP lost 3.7% YTD so far
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