Trump tariffs wipe billions off value of European carmakers

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  • #294064
    Ele
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      Could this be the straw that breaks the camels back?

      While stock markets have largely shrugged at the prospect of a renewed Trump trade war, his threat to impose tariffs on Mexico and Canada, along with additional tariffs on China, have taken a toll on European carmakers.

      Values – already subdued on the back of weak demand for electric cars and trade disputes with China – took a dive on the possibility of the new US president turning his attentions across the Atlantic.

      Volkswagen saw just over €1bn taken from its market value in choppy trading – down by more than 2%.

      Shares in Stellantis (whose biggest brands include Peugeot and Fiat) were also among the main losers.

      They were down by 4%, accounting for €2bn in market value.

      Worst hit was Volvo, owned by Chinese group Geely, which saw its shares decline by more than 3% at one stage.

      It meant that more than €2bn was slashed from its own value.

      https://news.sky.com/story/money-latest-personal-finance-consumer-black-friday-live-13040934

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    • #294152
      Brydo
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        Yes Ele we are in for a rough four years by the look of it 😔

        The only person who got all his work done by Friday was Robinson Crusoe.
        Anything i post over three lines long please assume it is an article lol.

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