U.S. Tariffs Could Have Been Worse for EU Autos, But Consensus Needs to Catch Up -- Market Talk

Dow Jones2025-04-03

1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

April 03, 2025 07:36 ET (11:36 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2524531852?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-03 19:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524531852","market":"hk","top_or_hot":-1,"title":"U.S. Tariffs Could Have Been Worse for EU Autos, But Consensus Needs to Catch Up -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 07:36 ET (11:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Tariffs Could Have Been Worse for EU Autos, But Consensus Needs to Catch Up -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Tariffs Could Have Been Worse for EU Autos, But Consensus Needs to Catch Up -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-03 19:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 07:36 ET (11:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4156","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524531852","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524531852","pubTimestamp":1743680160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4156":"煤与消费用燃料","BK4099":"汽车制造商","BK4588":"碎股","RACE":"法拉利","BK4585":"ETF&股票定投概念","BK4548":"巴美列捷福持仓","BK4555":"新能源车"},"translate_title":"美国关税对欧盟汽车来说可能会更糟，但需要达成共识——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RACE":0.9},"content_text":"1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2025 07:36 ET (11:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2524531852","isCrawlerRequest":true}