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Trump's tariff threats have rattled Europe's auto giants — but Ferrari appears remarkably unfazed - TL;DR CNBC

Trump's tariff threats have rattled Europe's auto giants — but Ferrari appears remarkably unfazed

Publishing timestamp: 2024-11-28 05:31:09


Summary

President-elect Donald Trump plans to impose steep tariffs on China, Canada, and Mexico, causing concerns for the auto industry's supply chains. However, Ferrari is expected to be shielded from most of the fallout due to its unique position in the European automobile sector. Other carmakers like Porsche may face challenges passing on higher tariffs to customers.


Sentiment: MIXED

Tickers: P911-DEVOW3-DEMBG

Keywords: donald trumpferrari nvporsche agpoliticsitalybusiness newsrenault sabreaking news: politicsautosbusinessvolkswagen ag

Source: https://www.cnbc.com/2024/11/28/autos-ferrari-appears-remarkably-unfazed-by-trumps-tariff-threats.html


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