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Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
| 21.76 SEK | -3.10% |
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+1.53% | -28.73% |
| 05-07 | Polestar deliveries rise 7 percent in Q1 as net loss widens | FW |
| 05-07 | EV maker Polestar's quarterly loss widens as tariffs, pricing pressure weigh on margins | RE |
Published on 07/14/2025 at 09:54 am BST
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German automakers saw their shares decline on Monday morning after U.S. President Donald Trump announced plans to impose a 30 percent tariff on imports from the EU and Mexico starting August 1.
Trump stated that the 30 percent tariffs would be in addition to already existing sector-specific duties, meaning that car imports will still be subject to the current 27.5 percent tariffs.
In Sweden, Volvo Cars also experienced a drop in share price during the morning session.
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