The US President previously announced the introduction of 25 percent duties for the import of imported cars into the country. According to Bloomberg, such a solution will turn into serious losses for all European manufacturers. New tariffs for imported machines will enter into force on April 3, 2025.
According to experts, the introduction of barracks duties will lead to the fact that Porsche and Mercedes-Benz will lose $ 3.7 billion in a short time, or a quarter of their operating profit. To avoid huge losses, companies can significantly increase the cost of their cars or transfer production to the territory of the United States.
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Germany will suffer most of the introduction of duties, since it is the largest European exporter of vehicles in the United States. Over the past year alone, German manufacturers put more than 446 thousand cars in the amount of 24.8 billion dollars by the ocean. Already, Porsche shares, Mercedes-Benz and Volkswagen have lost about five percent in price.
The day before, experts predicted the collapse of the European auto industry due to Donald Trump’s duties. In addition to Germany, new tariffs will significantly affect the economies of Italy, Hungary and Poland.
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