The emblem of Volkswagen, attached to the tower at the Volkswagen Osnabrück GmbH factory, can be seen behind the red light light.
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European car giants slipped on Wednesday, Extending recent losses When the universal tariffs of the US President Donald Trump came into force for dozens of countries – including They 104% of the fee About China.
Trump's latest commercial resources, which have entered into force from 5 am in London, cover a 20% tariff for the European Union, 24% tariff for Japan and 49% of Cambodia fees.
China replied Trump's tariff policy through wandering with US import fees up to 84%, and duties come into force from April 10.
Actions of the French Supplier of Motor Parts Valeo On Wednesday, it fell by 7.1%, falling to the bottom of the Pan-European Stoxx 600 index.
Germany VolkswagenIN Mercedes-Benz Group AND BMW It fell by about 2%, and the latter gained fresh 52-weekly lowest.
In Asia, Japan Nissan AND Toyota It fell accordingly by 7% and 2.6%.
According to S&P Global, Trump's “mutual” trade funds will be used separately, and not in addition to existing American car tariffs.
The US implemented 25% of fees for all foreign cars imported to the country last Thursday. The White House said that it also intends to put tariffs on some car parts no later than May 3.
Analysts warn that German car manufacturers will probably be most exposed to American trading funds.
“Tariffs are a blow to particularly German car manufacturers who export hundreds of thousands of units to the USA per year (749,000 in 2024) and produce many cars in the US itself, which require European parts,” said CNBC in Rico Luman news themselves, senior sector economist for transport and logistics at the Dutch bank.
“It is difficult to get around the tariff and they seem to stay at least temporarily, so they have to deal with it and will have to consider the products of products, prices and production marks again,” he added.
A escalation trade war will have a deep impact on the global car industry, especially considering high globalization of supply chains and a large rely on production operations in North America.
On days, since the car tariff entered into force replied By announcing plans to raise prices, impose import fees, Pause shipmentsIN Claws And even release the staff.
Logo in front of the BMW AG salon in Madrid, Spain, on Friday, March 28, 2025.
Bloomberg Bloomberg Getty images
ING Luman said that although the decrease in sales of units in the US will probably harm German car manufacturers among the already complex set of challenges, the photo “does not look dramatic yet.”
“China is indeed even more important, and their domestic market requires more attention,” said Luman. “I would say that he will focus on strengthening competitive strength and sell more cars on the European home market (and perhaps developing other export markets around the world).”
Exposure to the tariff
“BMW and Mercedes belong to the best car exporters according to the value from the US, and therefore the most exposed to retaliation tariffs among European car manufacturers,” said Rella Suskin, a capital analyst at Morningstar, said CNBC by e -mail.
She added that both companies can face double tariffs on vehicles produced in Mexico and Canada.
“However, we believe that most models that these companies produce in Mexico or Canada can be easily replaced with imported vehicles from Europe, which attract only 25% of the car tariff,” she added.