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With the attention of Trump's tariffs to inspire the war of trade, global auto inventory declines

    With the attention of Trump's tariffs to inspire the war of trade, global auto inventory declines

    With the attention of Trump's tariffs to inspire the war of trade, global auto inventory declines

    Employees worked in a factory of Leapmotor, a Chinese EV startup in China, province, province, province, province, province, province, province, province, province, province, province, province,

    Shi kuanbing | VCG | Visual China Group | Getty image

    After the US President Donald Trump levied long -term tariffs on goods in Canada, Mexico and China, the stock giants fell sharply on Monday.

    Trump signed an execution order on September to impose a 25 % tariff on Mexico and most Canadian goods, and at the same time imposed 10 % tax on Canadian energy products and Chinese products, these products will take effect on Tuesday.

    The President of the United States warned that when these measures came into effect, Americans might feel “painful”, but it was necessary to say that tariffs were necessary. Citizen.

    Canada and Mexico have been countered, threatening to take revenge measures including tariffs.

    Global auto manufacturers' stocks were in the impact of potential trade war.

    Analysts predict that Trump's tariffs will have a profound impact on the automotive industry because of the entire North American (especially Mexico) and complex global supply chain manufacturing.

    On Monday, Japanese car giant Toyota and Nissan both fell more than 5 %, while domestic competitors Honda fell 7.2 %. The stock transactions of Mazda Motor Company listed in Japan were less than 7.5 %, while Kia Automobile Company fell nearly 6 %.

    In Europe, Valeo, French car parts supplier, and French-Italian companies stocks Stellandis Falling 7.5 % and 6.3 %, respectively.

    In the morning trading, Volkswagen in Germany fell 5.7 %, while the trading between Porsche and BMW in family counterparts fell by about 4 %.

    Tariffs will be targeted in Europe?

    Trump believes that the European Union may face tariffs and tell reporters that other responsibilities on the group can be “quickly”.

    On the one hand, 27 national groups have promised to respond to any duties in the United States in a proportion.

    Traditionally, the US EU car trade has always been the core pillar of the European automobile industry. An analysis of Oxford Economics shows that the tariffs of motor vehicles imported from the European Union may increase the cost of European cars in the US market. This step may also lead to EU cars exported to the US market.

    For Europe's largest economies, the prospect of US tariffs on European cars is when the highest primitive equipment manufacturer (OEM) has rolled up.

    Volkswagen, Mercedes-Benz Group and BMW have issued profits warnings in recent months, on the grounds that China is the world's largest economic weakness and slow demand in the world.

    A man sat opposite the Volkswagen Factory at Wolfsburg, Germany on October 28, 2024.

    Sean Gallup (Sean Gallup) | Getty Picture News | Getty Image

    Volkswagen said on Monday that the potential impact of U.S. tariffs on the company and the broader automotive industry is currently evaluating.

    The car manufacturer said in a statement: “At the same time, we continue to promote the public market and stable trade relations. This is essential for the competitive economy and especially the automotive industry.”

    They added: “We expect the constructive negotiations between trade partners to ensure the security and economic stability of the plan and avoid trade conflict.”

    The BMW spokesman described free trade as “one of the most critical driving forces for growth and progress”, and pointed out that “on the other hand, tariffs will hinder free trade, slow down innovation, and set negative spiral spirals. They to customers to customers Harm, make the product more expensive and innovative. “

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