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

Dow Jones11-26

0854 GMT - Shares in European car makers are down after President-elect Donald Trump's promised to place a 25% tariff on all goods from Mexico. Tariffs against Mexico would hurt the automotive industry in particular given they often manufacture vehicles to be sold in the U.S. there, portfolio manager at QC Partners Thomas Altmann says in a note. The biggest faller is Jeep and Chrysler maker Stellantis, trading down 5.5% at 12.10 euros, while Daimler Truck shares trade 5.2% lower. Shares in German auto makers Volkswagen, BMW, Mercedes-Benz and Porsche all trade more than 2% lower. (christian.moess@wsj.com)

(END) Dow Jones Newswires

November 26, 2024 03:54 ET (08:54 GMT)

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