Donald Trump, newly elected President of the United States for the second time, has indicated that he will implement additional taxes for products manufactured in Mexico, Canada and China.
Recent statements by Donald Trump, President-elect of the United States, announcing significant increases in customs duties on products from China, Canada and Mexicocaused a shock wave on the financial markets.
These measures, justified by Trump by crises linked to opiates and immigration, could disrupt international supply chains and severely affect the automobile industries, particularly in Europe.
Stellantis down sharply on the CAC 40
Tuesday morning, Stellantis shares suffered a significant fall on the Paris market. At 10 a.m., the stock fell 4.1% to 12.28 euros, after having recorded a drop of more than 5%. This performance made Stellantis the biggest loser in the CAC 40, an index which itself lost 0.7%.
According to the Bloomberg agency, Stellantis' projects, in particular the transfer of production of its Ram pickups to low-cost countries, could be called into question by the protectionist policy announced by Donald Trump.
Nervousness also spread to other players in the automotive sector in Europe. In Paris, Renault lost 0.53% to 39.72 euros, while equipment manufacturer Valeo fell 2.57% to 8.13 euros. The situation was just as gloomy on the Frankfurt Stock Exchange: Volkswagen fell by 2.45%, BMW by 2.25%, Porsche AG by 2.56%, Mercedes-Benz by 2.06%, and Daimler Truck suffered. a drop of 4.71%.
Concerns extend to Europe
Although Donald Trump did not explicitly mention Europe in his announcements, investors fear that the continent will not be spared from possible additional taxes. Alexandre Baradez, head of market analysis at IG France, warned against “generalized decline in values likely to be targeted by customs taxes”.
On his Truth Social network, Donald Trump confirmed that one of his first decisions, upon his inauguration on January 20, will be to impose a 25% tax on all products entering the United States from Mexico and Canada. Furthermore, he announced a 10% increase in customs duties on products imported from Chinaadding to existing taxes and raising the threat of further increases.
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