Employees work on the assembly line in new power vehicles at the Chinese EvMotor Operating Factory on April 1, 2024 in Jinhua, China's China Province.
Shi Kawanaj VCG | China Visual Group Gety pictures
The shares of the auto giant fell sharply on Monday, after US President Donald Trump was duty The long -standing definitions of goods from Canada, Mexico and China have been defined, which raised concerns about the possibility of a global trade war.
Trump signed executive orders on Saturday on the implementation of a 25 % tariff on Mexican goods and most Canadian goods, with a 10 % duty imposed on Canadian energy products and Chinese goods, which are scheduled to enter into force from Tuesday.
The US President warned that the Americans might feel “some pain” when the measures come into effect, however He said The customs duties were necessary “because of the main threat to illegal foreigners and the deadly drugs that kill our citizens, including fentanel.”
Canada and Mexico retreated, and threatened to impose reprisal measures that included definitions.
The shares of global auto manufacturers fell on the news.
Analysts Expected Trump's tariff for a profound impact on the automotive industry, noting the strong dependence on manufacturing operations throughout North America, especially in Mexico, and complex global supply chains.
Japanese car giants Toyota and April Both decreased more than 5 % on Monday, while the local competitor Honda 7.2 % fell. Arrows listed in Japan Mazda Motor Corp More than 7.5 % trading less, while Kia Motor Corp has decreased by approximately 7 %.
In Europe, French auto parts resource shares Valeu And car maker Renault 8.3 % and 4 %, respectively, decreased during deals in the early morning.
At the same time, Germany BMWand Volkswagen and Porsche All seen circulated by about 5 %.
Trump has Proposal The European Union can be next to the customs tariff.
For Germany, the possibility of American definitions on European cars comes at a time when the best manufacturers of original equipment, or original equipment manufacturers, Indeed, reeling.
Volkswagen, Mercedes Benz collection BMW has all issued profit warnings in recent months, noting the weak economy and slow demand in China, the largest car market in the world.
This developing story is updated.
