German auto stocks fall after Trump flags higher US tariffs

Porsche Automobil Holding SE

04/05/2026 07:25

** German automakers lead a fall in European auto stocks in early Frankfurt trade after President Donald Trump said on Friday the U.S. would raise tariffs on European cars and trucks

** Trump said the tariffs would increase this week from the previously agreed 15%, saying the bloc had not complied with its trade deal with Washington

** Stuttgart-based Porsche P911_p.DE and Mercedes MBGn.DE fall 2.8% and 2% respectively, while Munich-based BMW BMWG.DE is down 0.6%. Volkswagen VOWG.DE slides 1.9%

** Truckmakers Daimler Truck DTGGe.DE and Traton 8TRA.DE fall 1% and 0.6% respectively

** Elsewhere in the sector, Stellantis STLAM.MI is down 1.8%

 (Reporting by Tristan Veyet, Bernadette Hogg)

 ((Tristan.veyet@thomsonreuters.com))