The four major German carmakers saw significant declines in their share price following Donald Trump's election victory, as fears of steep tariffs on foreign cars loom.
Trump has indicated a desire for German car companies to shift production to the U.S. to protect American jobs, suggesting potential tariffs on imported vehicles from Europe.
Shares of U.S. car manufacturers like General Motors and Ford, in contrast, rose in pre-market trading, reflecting expectations of benefiting from Trump's corporate tax cuts and protectionist policies.
Trends towards increased protectionism, alongside potential relaxation of emissions rules under the Trump administration, could complicate the financial landscape for European carmakers already facing headwinds.
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