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A common view of the production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastat, Germany.
Florian Wiegand | Getty Images News | Ghetto images
US president Donald Trump has welcomed trade agreement With the European Union, as the biggest commercial transaction ever, the one that promises to be “great for cars”.
An agreement brokered on Sunday between the US and the EU means that the Trump administration will impose a 15% blanket tariff for most EU goods.
It represents a significant decrease in that of Trump threat To impose a fee of 30% since August 1 and almost half half the existing tariff rate of the European Auto Sector of 27.5%.
Industrial groups, while welcoming the trade deal, expressed deep concern about the costs associated with the new tariff reality.
Sitting with the US president in Scotland on Sunday, European Commission President Ursula von der Leyen described the agreement as a “good deal” after difficult negotiations.
The German Association of the Automobile Industry (VDA) said it was “mainly positive” on Monday that the US and the EU were able to secure a deal to prevent a transatlantic commercial dispute.
“The decisive factor will now be how the agreement is structured under specific conditions and how reliable it is,” VDA President Hildegard Müller said in a statement.
“However, it is clear that the US tariff of 15 percent for automotive products will cost German car companies a year and put them in the middle of their transformation,” Mueller said.
Along with the call for guaranteeing the car chains, they also receive the necessary support, VDA also insists on the EU to make the framework conditions in an international investor and companies “to become more involved and relevant as an investment site again”.
“Significant weight”
The European Association of Car Producers, an industrial lobbying group, said on Monday that the US and EU trade agreement is an important step to facilitating “intense uncertainty”, welcoming the principle of development.
“However, the United States will maintain higher carriers for cars and car parts, and this will continue to have a negative impact not only for the EU industry but also in the US,” ACEA CEO Sigrid de Vris said in a statement.
Acea said it would carefully consider the details of the agreement, which still needs to be clarified.
A car in the new Citroen C5 Aircross manufacturing line at the Stellantis Car Plant at Chartres-De-Bretagne, near Rennes, Western France, on July 3, 2025.
Damian Mayer | AFP | Ghetto images
Rico Luman, Senior Economist for Transport and Logistics at the Dutch Bank, said on Monday that the new tariff rate of 15% of EU vehicles in the United States is obviously much better than 27.5% – but still reflects “significant weight” for automakers.
“The margins are under pressure from a numerous market and the account cannot be completely transferred to customers without volume losses,” Luman told CNBC by email.
The second quarter profit season showed that car manufacturers are already fighting the tariff impact, Luman said, noting that there is more to come in the coming months.
“The weakened dollar also imports us cars more expensive and complicates things. Therefore, world car manufacturers are looking for ways to adjust production prints in current facilities,” he added.
Winners and losers?
The Autos Europe Stoxx Index leads to profits during early morning transactions, which is up to 1.6%before turning the course to immerse itself in negative territory.
French car supplier Valeo traded at 4.4% higher at 11:31 am London time (6:31 pm ET), with a luxury Italian carmaker Ferrari up to about 1%. Germany BMW., Volkswagen and Mercedes-Benz GroupHowever, everyone decreases more than 1%.
Rella Suskin, a Morningstar stock analyzer, said a US and EU trade deal is likely to be beneficial to EU car manufacturers who are more dependent on Europe.
“We appreciate this PorscheMercedes, BMW and Volkswagen, in this order, are the most significant beneficiaries of this commercial deal, with a larger share of imports from Europe in the United States against Mexico and/ or Canada, “Surcomin said.
“Stellantis It brings a one -digit share of its volumes from the EU for sale in the US and thus should not see meaningfully up, “she added.
The shares listed in Milan by the Jeep Stellantis manufacturer were last observed by 0.3% lower on Monday.
