European car stocks are plummeting after President Donald Trump announced a “permanent” 25% tariff on all cars not manufactured in the US. In response to this news, despite the fact that the media has been reporting on plans to change tariff policy for this sector for some time. Porsche AG (P911.DE) shares are down 5.3%, Volkswagen (VOW1.DE) is down 3.5%, Stellantis (STLAM.IT) -5.6%, Renault (RNO.FR) -1.1%, Volvo (VOLCARB.SE) -6.8%, BMW (BMW.DE) -4.5%, Mercedes (MBG.DE) -5.2%.
Source: xStation
The brands that are under particular pressure from the tariff changes are Jaguar, Porsche, Land Rover, Mazda, Audi and Volvo. For these companies, almost 100% of their production is done outside the US. For BMW, that’s 25% of production in the U.S., and Volkswagen 25%.

European companies and their share of imports to the US. Source: Bloomberg
JP Morgan analysts estimate that foreign automakers will outline more detailed plans in the coming days for including additional production in the U.S., and potentially indicate price increases needed to partially offset the impact of the tariffs.
NVIDIA Beats Expectations: The AI Powerhouse Saving the Future
Daily Summary: Market attempts recovery, all hope in Nvidia
Constellation Energy and Three Mile Island — Nuclear Past and Future
US100 gains 1% before Nvidia earnings📈