JPMorgan Assesses Impact of US Import Tariffs on Automakers

JPMorgan's analyst Jose Asumendi assessed the impact of potential US import tariffs on the automotive sector. In a study, Renault, Iveco, Michelin, and Volvo Truck were identified as relatively safe. BMW estimates potential burdens from global import tariffs at around one billion euros. German manufacturers and Stellantis are expected to announce plans to localize additional production in the US and potentially increase prices.