Porsche AG

Auto giants tumble as EU’s new steel tariffs spark industry panic

by
Auto Giants Tumble As Eu’S New Steel Tariffs Spark Industry Panic

EU Steel Tariffs 2025: Auto Giants Plunge Amid Import Quota Cuts and Industry Chaos In a stunning blow to the global auto sector, major carmakers like BMW and Volkswagen saw their stocks nosedive on Wednesday following the European Union’s bold move to slash steel import quotas and double tariffs. This decision has ignited widespread panic, … Read more

Germany lashes out at Trump’s levy on U.S. car imports

by
Germany Lashes Out At Trump’s Levy On U.s. Car Imports

Germany Lashes Out at Trump’s Levy on U.S. Car Imports In a sharp escalation of transatlantic tensions, Germany has voiced strong opposition to U.S. President Donald Trump’s recent proposal to impose steep levies on American car imports. The move, which Trump has framed as a means to bolster domestic manufacturing and protect national security, has … Read more

Close