European auto stocks plunge as U.S. tariffs on Mexico, Canada kick in
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
0mins
Source: Reuters
Impact of U.S. Tariffs: European carmakers and suppliers experienced a significant drop in shares, with the STOXX Europe 600 Automobiles and Parts index falling 3.1% due to new U.S. tariffs of 25% on imports from Mexico and Canada.
Geopolitical Concerns: Investment strategist Juergen Molnar highlighted the increasing fragility of the geopolitical situation as these tariffs are seen as punitive measures by the Trump administration against Canada and Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
