https://sputnikglobe.com/20250404/eu-automakers-between-rock-and-hard-place-amid-trumps-tariffs----1121742175.html
EU Automakers Between Rock and Hard Place Amid Trump's Tariffs
EU Automakers Between Rock and Hard Place Amid Trump's Tariffs
Sputnik International
German automakers will be HIT ESPECIALLY HARD given “the drop of vehicles exported from Germany to China” and “the drop on the vehicles sold inside Germany” combined with new obstacles on the US market.
2025-04-04T18:05+0000
2025-04-04T18:05+0000
2025-04-04T18:05+0000
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German automakers will be HIT ESPECIALLY HARD given “the drop of vehicles exported from Germany to China” and “the drop on the vehicles sold inside Germany” combined with new obstacles on the US market, Dr. Dirk Spaniel, a former member of Germany's Bundestag and spokesman for transport policy for the Alternative for Germany party, told Sputnik. Stocks prices for EU carmakers have "dropped by 10 to 15 percent for premium carmakers, Mercedes or Porsche. This is, of course, influenced by the American tariffs," the expert added.
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EU automakers between ROCK AND HARD PLACE amid Trump's tariffs
Sputnik International
EU automakers between ROCK AND HARD PLACE amid Trump's tariffs
2025-04-04T18:05+0000
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german car industry, eu carmakers, trump's tariffs
german car industry, eu carmakers, trump's tariffs
EU Automakers Between Rock and Hard Place Amid Trump's Tariffs
How will the US' 20% duties impact the European car industry and the German car industry in particular?
German automakers will be HIT ESPECIALLY HARD given “the drop of vehicles exported from Germany to China” and “the drop on the vehicles sold inside Germany” combined with new obstacles on the US market, Dr. Dirk Spaniel, a former member of Germany's Bundestag and spokesman for transport policy for the Alternative for Germany party, told Sputnik.
Stocks prices for EU carmakers have "dropped by 10 to 15 percent for premium carmakers, Mercedes or Porsche. This is, of course, influenced by the American tariffs," the expert added.
