European impact. Shares of European automakers dropped substantially following the Trump administration’s announcement of 25 percent tariffs on imports from Mexico, a key production hub for many European car brands. Shares of Volkswagen and Stellantis fell 6.7 percent and 7 percent, respectively, while BMW and Mercedes-Benz Group declined 6.5 percent and 5.3 percent. German automakers […]
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Daily Memo: European Automakers Take a Hit on Mexico Tariffs
U.S. duties on goods from Mexico are already having ripple effects.
