10 April 05:25
Shares in major European carmakers fall on new US trade tariffs, sparking fears in financial markets
Raluca Ioana Draghici
Economy
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Major European car companies have seen significant falls in shares, influenced by new trade tariffs announced by President Trump. The measures include tariffs of up to 104% on imports from China and 20% for the European Union, provoking a backlash in European and Asian markets. Although Trump has temporarily suspended some tariffs, the impact on the automotive sector remains significant, especially for German companies. Analysts stress that despite the challenges, the Chinese market remains crucial and manufacturers could adjust strategies to adapt to the new trade conditions.
Sources
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