European Car Makers' Shares Slide After Trump Promises Tariff on Mexico

European Car Makers' Shares Slide After Trump Promises Tariff connected Mexico

Shares successful European car makers are down aft U.S. President-elect Donald Trump's committedness to spot a 25% tariff connected each goods from Mexico.

Tariffs against Mexico would wounded the automotive manufacture successful particular, fixed the state often manufactures vehicles to beryllium sold successful the U.S. there, portfolio manager astatine QC Partners Thomas Altmann said successful a note.

The biggest faller was Jeep and Chrysler shaper Stellantis, trading down 5.5% astatine 12.10 euros, portion Daimler Truck shares commercialized 5.2% lower. Shares successful German car makers Volkswagen, BMW, Mercedes-Benz and Porsche each commercialized much than 2% lower.