European automakers, especially German brands Mercedes-Benz and BMW, could face punitive tariffs on their exports to the U.S. if Donald Trump gains another presidential term.
Trump is expected to address long-standing trade grievances with the European Union if he wins the U.S. election in November. The possible outcomes could be higher tariffs on imports from the European Union and China.
Trump has talked with advisers about excluding from the U.S. electric cars that have been manufactured in China or made with Chinese parts and then assembled in other countries, such as in Europe or Mexico, according to Bloomberg.
These measures would have repercussions for European automakers and suppliers, which strongly rely on the U.S. market for sales. European electric vehicle makers would be the worst affected by the negative repercussions, industry experts say.