German truckmakers fall, Volvo gains after U.S. tariffs announcement
ReutersSep 26, 2025 7:23 AM
Shares in German truckmakers fall after President Donald Trump said the U.S. will impose 25% tariffs on heavy-duty trucks, starting October 1, 2025
Traton 8TRA.DE and Daimler Truck DTGGe.DE are down between 2% and 3% after open
On the other hand, stocks in peer Volvo VOLVb.ST are up 2%
*All of the Swedish firm's North American plants are located in the U.S. while Daimler Truck could see the largest impact given its significant footprint in Mexico
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