The new duties announced by Donald Trump On cars they hit the major titles in the sector, dragging the downward European bags. In Frankfurt, home to numerous car companies:
- Bmw loses 4.4%
- Mercedes il 5%
- Porsche il 4,9%
- Volkswagen il 3,12%
- Continental il 3,28%
In Milan and Paris, Stellantis yields over 5%. On the CAC40 they also flex Valeo of 6.51% e Forvia of 4.11%.
Exports and commercial war
According to the official commercial data, last year the European car manufacturers exported about the States 800,000 vehiclesfour times the number of cars exported by the United States to Europe. Volkswagen It is particularly exposed, with 43% of its sales in the USA from Mexico, according to S&P Global Mobility. Also the other houses Mercedes, Bmw, Stellantis e Porsche I am under strong pressure.
The European Commission He said he will evaluate these new rates and continue to look for negotiated solutions, but the spectrum of one commercial war vast flow rates.
Warnings and appeals
Il April 2nd It was renamed by Trump “Day of Liberation”, with the president ready to announce a wide range of so -called mutual dutiescustoms taxes on imported goods which, according to him, are unjustly taxed by the commercial partners of the United States.
Washington warnings and appeals have come from the builders of the sector around the world. The manufacturers of large American car manufacturers Ford, General Motors e Stellantisrepresented by theAmerican Automotive Policy Councilthey said that it is “fundamental” to make sure that the new duties “do not lead to price increases for consumers” and preserve “the competitiveness of the integrated North American automotive sector that was a key success of the agreement USMCA of the President “.
Global concerns
L’EUPRO That Extreme concern “and urged” President Trump to consider the negative impact of rates not only on global car manufacturers, but also on the US national production “. The rates, the Acea writes in a note, “will not only have an impact on imports in the United States, a sanction that is likely that American consumers pay, but the measures on the car parts will also damage the car manufacturers that produce cars in the United States for export markets”.
Hence the request for “a dialogue to find an immediate solution”. Mike HawesCEO of British Society of Motor Manufacturers and Tradersurged London and Washington “to unite immediately and reach an agreement that goes well for everyone”.