Good Morning from Germany, where car stocks are under pressure after Donald Trump vowed to impose a 25% tariff on European autos, escalating the trade dispute.

Good Morning from Germany, where car stocks are under pressure after Donald Trump vowed to impose a 25% tariff on European autos, escalating the trade dispute. A renewed tariff push would weigh on earnings across the sector. Bernstein expects headwinds in 2026–27, w/EBIT… pic.twitter.com/bhNW3kNi9A

— Holger Zschaepitz (@Schuldensuehner) May 4, 2026