Move would create yet another challenge for European carmakers already struggling with falling sales and profits
BMW shares fell by 7%, Mercedes-Benz by 6% and Volkswagen and Porsche by 5% as investors scrambled to adjust to Trump’s victory. The four firms were the biggest fallers on Germany’s DAX stock market index on Wednesday.
For the EU, machinery and vehicles are the biggest exports to the US. The country is the biggest export market for German carmakers, which are already under
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