The global automotive market has once again felt the repercussions of political decisions. U.S. President Donald Trump announced a 25% tariff on imported cars and light trucks, raising concerns among analysts and investors. Despite the fact that such measures had been discussed for some time, the official announcement exerted immediate pressure on the stock prices of leading automotive manufacturers from Europe to Asia.
On Thursday, shares of leading global automotive manufacturers tumbled following U.S. President Donald Trump's announcement of new tariffs on imported cars. This move becomes yet another step in his protectionist trade policy, raising concerns over its impact on global trade and the profitability of the automotive sector.