German Carmakers at Most Risk From Trump Tariffs

European carmakers’ share rally this year might hit a roadblock as a U.S. probe of auto imports raises the potential of new tariffs, with underperforming German manufacturers particularly at risk.

U.S. Commerce Secretary Wilbur Ross submitted a report to President Donald Trump on whether vehicles made abroad pose a national-security risk, according to a statement Sunday. Trump will have 90 days for any response and, if he says he’ll move forward with measures under Department of Commerce recommendations, another 15 days to act. While government officials haven’t outlined any conclusions, the announcement sent automotive stocks down Monday in one of the two worst segment performance on Europe’s main share gauge.