Shares In European Automakers Sink As Trump Imposes Tariffs
(MENAFN- The Peninsula)
AFP
Paris: Shares in European automakers fell sharply on Monday after US President Donald trump said EU goods could be next in line for tariffs after he announced levies on Canada, Mexico and China.
Shares in Volkswagen and Jeep maker Stellantis sank almost six percent while Mercedes retreated five percent and BMW and Volvo each shed 4.9 percent.
Auto supplier Forvia dropped 8.8 percent.
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