European automakers Stellantis NV and Volkswagen AG are facing significant financial risks due to the new tariffs imposed by US President Donald Trump on vehicles imported from Mexico and Canada. The Bloomberg Intelligence estimates that these levies could result in a loss of €5.88 billion ($6.2 billion) for European automakers this year, primarily affecting Stellantis and VW.
Source: https://www.bloomberg.com/news/articles/2025-03-04/stellantis-vw-bear-brunt-of-5-88-billion-trump-tariff-risk