Shares in German carmakers fall after Trump tariff hike

Volkswagen AG

04/05/2026 08:01

FRANKFURT, May 4 (Reuters) - Shares in German auto and truckmakers fell on Monday after U.S. President Donald Trump announced an increase in car import tariffs to 25% from 15% previously agreed, dealing a fresh blow to the already beaten sector.

Shares in Porsche P911_p.DE, BMW BMWG.DE, Mercedes-Benz MBGn.DE, Volkswagen VOWG_p.DE, Traton 8TRA.DE, Daimler Truck DTGGe.DE were all down 0.4% to 2.6%.

 (Reporting by Christoph Steitz, Editing by Linda Pasquini)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))