Intentar ORO - Gratis
Shares in German carmakers slump over fears of steep Trump tariffs
The Guardian
|November 07, 2024
German carmakers' share prices slumped yesterday amid fears Donald Trump would impose steep tariffs on the industry after winning the US presidency for the second time.
BMW shares fell by 6.6%, Mercedes-Benz by 6.4%, and Volkswagen and Porsche by 4.3% and 4.9% respectively as investors scrambled to adjust to Trump's victory. The four firms were among the biggest fallers on Germany's DAX index.
Trump has promised to impose steeper tariffs on foreign-made cars to protect US jobs, including in the traditional automotive heartland of Michigan, a state that he regained after losing it in 2020.
The president-elect has said he wants to impose a 10% tariff on all non-US goods, and also indicated last month that he was considering targeting German cars. At a campaign rally in Savannah, Georgia, he said: "I want German car companies to become American car companies. I want them to build their plants here."
Machinery and vehicles are the EU's biggest exports to the US. It is also the biggest export market for German carmakers, which are under significant financial pressure.
Esta historia es de la edición November 07, 2024 de The Guardian.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Guardian
The Guardian
'Christmas belongs to all': C of E rejects Tommy Robinson claims
The Church of England has released a video in response to a Christmas carols event organised by the far-right activist Tommy Robinson today, amid calls from a growing number of senior church figures to challenge Christian nationalism.
1 mins
December 13, 2025
The Guardian
No typing! Can gen X really beat gen Z in our handwriting challenge?
Students could soon be sitting some end of year exams on laptops, it was reported this week, amid complaints from pupils of hand fatigue because their hand muscles \"are not strong enough\".
3 mins
December 13, 2025
The Guardian
Doctors' strike during flu crisis 'beyond belief' - PM
Keir Starmer has said it is \"frankly beyond belief\" that resident doctors would strike during the NHS's worst moment since the pandemic, in remarks that risk inflaming tensions with medics.
4 mins
December 13, 2025
The Guardian
'Each Leon should be magical' Co-founder returns to revive fast food chain's fortunes
John Vincent is going back to the future.
4 mins
December 13, 2025
The Guardian
EU ‘set to water down 2035 ban on petroleum vehicle sales’
The EU’s ban on the sale of new petrol and diesel cars from 2035 is poised to be watered down, a senior European parliament politician has said.
1 mins
December 13, 2025
The Guardian
'A Badenoch bounce' Tories hail more positive mood in party as leader finds her feet
At a Conservative donors event last week, Kemi Badenoch was asked for a selfie by the former Spice Girl Geri Horner.
5 mins
December 13, 2025
The Guardian
All change Timetable revamp faces its toughest crowd - the passengers
Billions of pounds of investment, years of engineering works - and now the moment of truth.
3 mins
December 13, 2025
The Guardian
How does this flu epidemic compare?
The NHS is bracing for one of its worst winters on record as flu cases surge around the country and put pressure on GP surgeries, hospitals and ambulance services.
2 mins
December 13, 2025
The Guardian
The Turkish cafe that's been named one of London's top restaurants
On a list of London's best restaurants, you would expect to see the usual Michelin-starred suspects such as the Ledbury, Ikoyi and the Ritz.
3 mins
December 13, 2025
The Guardian
Environment Agency to spend millions clearing waste in Oxfordshire
The Environment Agency is to spend millions of pounds on clearing an enormous illegal rubbish dump in Oxfordshire, saying the waste is at risk of catching fire.
1 mins
December 13, 2025
Listen
Translate
Change font size