European Car Makers Face Risk From Trump Tariff Plans -- Market Talk

Dow Jones11-11

1228 GMT - European car makers could face a hit to earnings from U.S. President-elect Donald Trump's tariff plans, Berenberg analyst Romain Gourvil writes. Trump indicated that he may increase tariffs on EU car imports to 10%, versus the current 2.5%. German automotive manufacturers would face the biggest risk, with the tariff hike implying a hit to earnings of about 4% for BMW and about 10% for Porsche. Meanwhile, Stellantis could take a hit from Trump's plans for tariffs on Mexico, as 32% of its U.S. sales come from vehicles produced in the country. Renault has no exposure to the U.S. market. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 07:29 ET (12:29 GMT)

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Meanwhile, Stellantis could take a hit from Trump's plans for tariffs on Mexico, as 32% of its U.S. sales come from vehicles produced in the country. Renault has no exposure to the U.S. market. 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