What Trump's potential tariffs mean for European auto stocks?

Investing.com -- Donald Trump’s post-election remarks and choices for cabinet appointments indicate that his administration is likely to remain aligned with his campaign pledges.

Localization of production, though an option to mitigate tariff impacts, is not a straightforward solution, according to analysts. Uncertainty also surrounds the future of the US-Mexico-Canada Agreement . Trump has threatened to renegotiate or dismantle the agreement, which currently exempts Mexican imports from tariffs.“Tariffs on new vehicles will also raise the value of the Ferrari parc in the US, which is not inconsequential considering that the majority of Ferraris are bought by existing owners of the brand,” analysts note.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

European markets set to open lower ahead of European growth data, more earningsEuropean markets are heading for a negative open Wednesday, as investors await the latest growth data from the region and another batch of earnings.
Fuente: NBCDFW - 🏆 288. / 63 Leer más »

European stocks surge higher, following US lead as Trump nears victoryEuropean stocks surge higher, following US lead as Trump nears victory
Fuente: Investingcom - 🏆 450. / 53 Leer más »

These European energy stocks will be under pressure after Trump winThese European energy stocks will be under pressure after Trump win
Fuente: Investingcom - 🏆 450. / 53 Leer más »