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After several of the Trump administration's tariff proposals went into effect overnight — 25% levied against Canada and Mexico imports, 20% on Chinese goods — European automakers seem to be taking a hit in Tuesday's session on the trade policy news.
President Trump threatened new tariffs against the EU last week.
Yahoo Finance senior autos reporter Pras Subramanian joins Seana Smith and Madison Mills on Catalysts to highlight how German auto companies Volkswagen (VOW.DE, VWAGY), Mercedes-Benz (MBG.DE), and BMW's (BMW.DE) Mexico operations may be impacted by these tariffs and what these policies ultimately mean for auto sales.
The new tariffs imposed by the US is being forecasted to raise the price of new cars and trucks by as much as $12,000.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Luke Carberry Mogan.
