TRUMP AND HIS TARIFFS IMPACTING THE AUTO INDUSTRY
- Trump's tariffs on car imports may hit Volkswagen, Hyundai, Kia, BMW and Mercedes the hardest due to their high dependence on exports to the U.S.
- Ford and General Motors could face financial repercussions even though they produce most of their vehicles in North America
- Tesla will avoid tariffs because it manufactures all of its cars for the US market in the US, giving it a competitive advantage
- Investors are watching the potential impact of the tariffs, with some car companies facing billions of dollars in losses, while new car prices could rise by 4 to 10%
What do you think overall of Donald's introduction of tariffs?
I have $P911.DE in my portfolio and that may be a pretty big deal for them, but I'll still hold.
For European cars, this is just another problem. I'd rather focus on $TSLA or $BY6.F now.
We'll see how this continues, but this could be a very big problem for European carmakers in the long term.