Trump issues another tariff threat, European automaker stocks plummet

MarsBitNews · 2026-01-19T08:40:01+00:00

Trump threatens to raise tariffs on European goods, causing a sharp decline in European auto stocks. Manufacturers such as Mercedes-Benz, BMW, and Volkswagen are heavily affected due to their reliance on the US market. The additional import tariffs will further impact their profitability.

MarsBitNews

2026-01-19 08:40:01

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Mars Finance News, January 19th, the Greenland issue continues to escalate. U.S. President Trump threatened to once again raise tariffs on European goods, causing European automaker stocks to plummet. On Monday morning, Mercedes-Benz Group’s stock in Frankfurt dropped as much as 6.7%, BMW Group fell 7%, and Volkswagen Group declined 5.4%. Over the weekend, Trump suddenly announced plans to impose an additional 10% tariff on imports from several European countries starting February, increasing to 25% in June, catching many European countries including Germany and France off guard. BMW, Mercedes-Benz, and Volkswagen all rely heavily on the U.S. market as their main source of revenue and profit. These automakers, which import models like the S-Class to the U.S., have already been impacted by Trump’s tariff policies. Currently, the tariffs on most vehicles and parts imported from the EU into the U.S. are 15%. Last year, Trump’s additional tariffs significantly increased this rate from about 2.5%, triggering profit warnings from automakers. (Jin10)

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