TayTatch Avatable Volkswagen and Stellantis confirmed that their vehicles made by North America may be exempted from US president Donald Trumps Newly rolled 25% tariffwhile BMW It is said to face the levies, as European car manufacturers grapple with new trade rules.
The new returned leader of the White House has long threatened to blame the tariffs of major US trade colleagues, including Canada, Mexico and EU. Last week, new duties of things from Mexico, Canada and China have been done.
The threat of cargo tariffs increases the alarming bells in Europe, as vehicles and machinery are the largest exports to the European Union in the United States. In 2023EU has a 102 billion euros ($ 110.6 billion) over trade trade with machinery and cars with the US, with category Accounting for 41% of American exports.
However, some of the regional automiction giants can make – even temporarily – skirt of new duties. Last week, the White House was given a A month of tariff delay of automakers whose vehicles follow the agreement in the United States-Mexico-Canada, or USMCA – a Trade between three countries. Under its terms, if at least 75% of the car parts from North America, it can be obtained from New tariffs imposed by imports from Canada and Mexico.
“Our Americans gathering on VW-Brand cars meet USMCA’s rules of origin and discharged from 25% Tarkows,” Volkswagen spokesman said to a good statement.
“As a global automotive manufacturer, we are monitoring developments in North America very closely and assessing any potential effects on the automotive industry and our company as a result of the usa, Canada, Mexico and the European Union.”
Besides flag flag, Volkswagen has different car brands including Skoda, Audi and Bentley.
“We stand ready to work with policies to find solutions that support US opportunities while continuing economic opportunities for workers, businesses and consumers,” Consumers have been told by CNBC.
While, Stellantis – known to jeeps and dodge vehicles – thank Trump is for the USMCA exemption permission to a statement Friday and promised US operations. The carmaker is One of the main companies providing a monthly exemption From levies, the first called Reckcal tariffs implemented on April 2.
“We share the President’s purpose to establish many American cars and make prolonged American jobs,” as the company at the time. “We look forward to working with him and his team.”
Stellantis parts, which There are many Mexican plantsPopped after Trump announced the exemptions for the cargo last week. Stock is more than 2% on Monday afternoon in London.
‘Volatile and complex’ condition
On the other hand, German auto giant BMW says, if USMCA regulations remain, it will be subjected to the Levi.
“The current situation about introducing North America import tariffs is very serious and complex,” as in BMW statement. “Tariff import link following USMCA rules is the most recent notice. If this regulation remains in effect, the BMW group can be one of the affected companies.”
“Our position remained unchanged: free trade, always a guide principle for BMW Group, very important in the whole world,” in addition to the company. “It is one of the most important drivers to grow and develop. The tariffs, on the other hand, can heal free, and putting on a negative spiral of movement.”
In a note to clients on Friday, UBS analysts estimated that 10% of us unit sales for BMW were imported from Mexico at a fairly low price tag, largely for the company’s 2 and 3 series models.
“It is worth noting that Mexican BMW imports are already covered with a tariff before,” they said. “Adding tariffs should, all equal, resulting in an ebit effect of ~ € 400m (4%). The larger potential of the group’s (4%).
Trump rolls and returns of tariffs targeted to Canada and Mexico – where many global carmakers make fruit plants in regional cars. Last month, after the President announced the 30-day delay in the levies, global market in a Major Sold to Auto Sharewith valuations that have fallen intensely.
