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

28 November 2024
in World
Trump's tariff threats have rattled Europe's auto giants — but Ferrari appears remarkably unfazed
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Ferrari is considered unique in Europe’s automobile sector as the threat of U.S. tariffs looms over many car giants, with President-elect Donald Trump planning to impose tariffs on China, Canada, and Mexico. The proposed tariffs could disrupt the auto industry’s supply chains, causing concern among investors about higher costs and impacting U.S. and European manufacturers. European Union policymakers may find relief in the fact that Europe was not mentioned in Trump’s initial tariff announcement, but Ferrari is expected to remain unaffected due to its production being solely based in Maranello, Italy.

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Tags: appearsAutoAutosBreaking News: PoliticsBusinessbusiness newsDonald TrumpEurope039sFerrariFerrari NVgiantsItalyPoliticsPorsche AGrattledremarkablyRenault SAtariffThreatsTrump039sUnfazedVolkswagen AG
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