BMW Is About To Be Slammed By New Tariffs While VW And Stellantis Dodge The Blow
BMW appears to not comply with the requirement that 75% of a vehicle's parts must originate from North America to avoid the tariff
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact
Last week, it was announced that President Donald Trump's new 25% tariffs on Mexico and Canada would exempt vehicles that comply with the USMCA trade deal. German carmaking giant Volkswagen told CNBC that its operations meant it would be exempt from the levies.
The car companies that could be hit by Trump’s tariffs on Canada and Mexico
Volkswagen's factory in Puebla, Mexico, made nearly 350,000 cars in 2023, including the Jetta, Tiguan and Taos, all for export to the U.S. In Canada, Volkswagen is building a battery gigafactory in Ontario, with output to begin by 2027.
Trump to Pause Auto Tariffs for One Month as Other Levies Continue
The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.
AutoGuide on MSN4d
VW Vehicles Should Be Tariff Exempt. BMW, Not So Much
Volkswagen expects its vehicles produced in North America to be exempt from the 25% tariffs the Trump administration has imposed on imports from Mexico and Canada, but other automakers, including BMW,
VW may avoid 25% Trump tariff, but BMW and others face trade levy
Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the 25% tariffs U.S. President Donald Trump has imposed on imports from Mexico and Canada, but other carmakers,
Trump’s Tariffs Dent BMW
BMW has fallen victim to President Donald Trump’s whipsawing tariff policy. The stock sank as much as 5% Friday after Reuters reported that vehicles shipped by the company from Mexico might not comply with the United States Mexico Canada Agreement.
Tariffs on Mexico, Canada Hit Europe’s Automakers
Europe’s beleaguered automakers are also affected by high tariffs on imports from Mexico and Canada. Shares in Volkswagen, Mercedes-Benz and BMW all dropped early Tuesday, echoing the declines in U.S.
Big Automaker Stocks General Motors (NYSE:GM), BMW and Stellantis Downed as Mexico and Canada Tariffs Land
Shares of the world’s largest automakers, including Chevrolet-maker General Motors (GM) and Dodge-maker Stellantis (STLA), were hit hard at the
Factbox-Which Car Companies Are in Firing Line of Trump's Tariffs on Mexico, Canada?
Volkswagen's factory in Puebla, Mexico, made nearly 350,000 cars in 2023, including the Jetta, Tiguan and Taos, all for export to the U.S. In Canada, Volkswagen is building a battery gigafactory in Ontario, with output to begin by 2027.
Which car companies are in firing line of Trump's tariffs on Mexico, Canada?
The United States' proposed tariffs on Canada and Mexico will take effect on Tuesday, but President Donald Trump will determine whether they would be set at the proposed 25%, Commerce Secretary Howard Lutnick said.