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Volkswagen ID.7 Electric cars are seen in the lead plant of the Volkswagen electric fleet (VW) in Emden, Germany, February 18, 2025.
Carmen Jaspersen | Reuters
Automobile manufacturers Volkswagen and Stellantis They have confirmed that their vehicles made in North America will be exempt from the president of the United States, Donald Trump’s newly released launched 25% tariffswhile BMW He says he will face the levies, since European car manufacturers deal with new commercial rules.
The newly returned White House leader has long threatened to give tariffs to the main US commercial partners, including Canada, Mexico and the EU. Last week, new tasks on goods in Mexico, Canada and China entered into force.
The threat of import tariffs has increased alarms in Europe, since vehicles and machinery are the highest exports of the EU to the United States. In 2023The EU had a commercial surplus of 102 billion euros ($ 110.6 billion) in machinery and vehicles with the US, with the category that represents 41% of its exports to the United States.
However, some of the region’s automatic giants can at least temporarily border the new tasks. Last week, the White House awarded a One month tariff delay to automobile manufacturers whose vehicles comply with the United States-Mexico-chair (USCMA) -a trade Among the three countries. According to its terms, if at least 75% of the parts of a vehicle originate in North America, it can be exempted from New tariffs imposed on imports from Canada and Mexico.
“Our VW brand vehicles from North America comply with the rules of origin of the USMCA and are exempt from 25%rates,” said a Volkswagen spokesman in a statement sent by email.
“As a world car manufacturer, we are monitoring developments in North America very closely and evaluating any potential effect on the automotive industry and our company as a result of the rates announced for the United States, Canada, Mexico and the European Union.”
In addition to its flagship brand, Volkswagen has several important vehicle brands, including Skoda, Audi and Bentley.
“We are ready to work with those in charge of formulating policies to find solutions that support the United States industry while preserving economic opportunities for workers, companies and consumers equally,” said the car giant to CNBC.
Meanwhile, Stellantis – Known for its Jeep and Dodge vehicles – grateful Trump for granting the exemption of the USMCA in a statement on Friday and promised to increase their US operations. The automobile manufacturer was One of the main companies given an exemption of one month From the encumbrances, ahead of the so -called reciprocal tariffs that enter into force on April 2.
“We share the president’s goal to build more American cars and create durable American jobs,” the firm said at that time. “We hope to work with him and his team.”
Stellantis actions, which It has multiple plants in MexicoIt appeared after Trump announced the exemptions for car manufacturers last week. The action rose more than 2% on Monday afternoon in London.
Situation ‘volatile and complex’
On the other hand, the giant of the German cars BMW said that, if the regulation of the USCMA remains, it will be subject to taxes.
“The current situation regarding the introduction of import tariffs in North America is very volatile and complex,” BMW said in a statement sent by email. “The import rate link with compliance with the USCMA rules is the most recent announcement. If this regulation remained in force, the BMW group would be one of the affected companies.”
“Our position remains unchanged: free trade, which has always been a guiding principle for the BMW group, is of immense importance worldwide,” the company added. “It is one of the most crucial promoters of growth and progress. Tariffs, on the other hand, hinder free trade, slow down innovation and establish a negative spiral in motion. In the end, they are harmful to customers, which makes the products more expensive and less innovative.”
In a note for customers on Friday, UBS analysts estimated that 10% of the sales of US units for BMW were imported from Mexico at a fairly low price, largely for the company 2 and 3 models of the company.
“It is worth noting that American BMW imports in Mexico were already subject to a rate before,” they said. “The incremental rate should, everything else, in an ebit impact of ~ € 400m (before the price increases), relatively small in a group context (4%). The greatest potential threat to BMW and the other German OEMs is the potential rate in cars made in the EU, which faces a deadline on April 2.”
The deployments and reversals of Trump tariffs directed to Canada and Mexico, where many global car manufacturers have manufacturing plants, has caused a volatile trade of regional car stocks. Last month, after the president announced a 30 -day delay to the encumbrances, Global Markets saw a Main sale of car sharesWith valuations falling sharply.
