Global car stocks fall when Trump tariffs are concerns of the commercial war

Auto Giants actions fell sharply on Monday, after the president of the United States, Donald Trump tax Very threatened tariffs on goods from Canada, Mexico and China.

Trump signed Saturday executive orders to implement 25% tariff Tuesday.

The president of the United States warned that Americans could feel “some pain” when the measures enter into force, but saying Tariffs were necessary “due to the great threat of illegal foreigners and mortal drugs that kill our citizens, including fentanyl.”

Canada and Mexico have responded, threatening to impose retaliation measures that included tariffs.

The actions of global car manufacturers submerged when investors worried about the impact of a possible commercial war.

Analysts wait Trump’s tariffs of having a deep impact on the automotive industry, citing a great dependence on manufacturing operations in North America, particularly in Mexico, and complex global supply chains.

Japanese car giants Toyota and Nissan Both fell more than 5% on Monday, while the domestic rival Sling 7.2%fell. Japan actions Mazda Motor Corp It quoted more than 7.5% lower, while KIA Motor Corp fell almost 6%.

In Europe, the shares of the supplier of French car pieces Valeo and automobile manufacturer Renault 6.8% and 2% fell, respectively, during the morning agreements.

French Italian conglomerate StellantisKnown for brands like Chrysler, Dodge, Jeep and Maserati, 6% fell on Monday morning.

Germany Volkswagen He slipped 5%, while national companions Porsche and BMW Both quoted at about 3.5%.

Trump has Suggested The European Union could be next to tariffs.

For Germany, the perspective of American tariff already staggering.

Volkswagen, Mercedes-Benz Group And BMW has issued gains warnings in recent months, citing economic weakness and slow demand in China, the world’s largest car market.

This developing story is being updated.