Carmakers in Europe slide after Trump threatens with 30% tariffs on EU, Mexico

ReutersJul 14, 2025 7:16 AM

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Shares in European carmakers slide after U.S. President Donald Trump threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1

The STOXX 600 auto and auto parts index .SXAP is down around 1.4%

"Trump's new tariff announcement adds another wave of uncertainty that will further shake the industry," Pal Skirta, an analyst at Metzler Equities says

Shares in Germany's Porsche P911_p.DE, BMW BMWG.DE, Mercedes-Benz MBGn.DE, Volkswagen VOWG.DE are down between around 1.3% and 1.7%

Italy's Ferrari RACE.MI, Stellantis STLAM.MI Sweden's Volvo Car VOLCARb.ST slide between around 0.8% and 1.6%

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