Transportation

Stellantis, VW Bear Brunt of €5.88 Billion Trump Tariff Risk

Vehicles prepared for export at the Port of Veracruz in Veracruz, Mexico.Photographer: Victoria Razo/Bloomberg

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By Craig Trudell

March 4, 2025 at 10:13 AM UTC

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Stellantis NV and Volkswagen AG are highly exposed to US President Donald Trump’s new tariffs on vehicles imported from Mexico and Canada, with Bloomberg Intelligence estimating the levies could wipe out €5.88 billion ($6.2 billion) of European automakers’ earnings this year.