German automakers have the most to lose as Trump tariffs hit. Their share prices say as much


Source: theglobeandmail.com theglobeandmail.com

Key Topics in this News Article:

News Snapshot:

Open this photo in gallery: A worker attaches a part to a Mercedes-Maybach car on a production line in Sindelfingen, Germany, on March 4, 2024.Wolfgang Rattay/Reuters Many well-off Americans would not be caught dead in a Buick, a Chevrolet or a Dodge. They want luxurious, high-performance Teutonic iron – BMWs, Mercedes and Porsches. They can still get them under Donald Trump’s tariff-mad regime, but those cars will cost a lot more, turning a few models into insanely priced indulgences. On Wednesday night, the U.S. President slapped 25-per-cent tariffs on all foreign-made cars. The German car industry will get hit hardest....