# U.S.-traded shares of Stellantis and Ferrari fell after President Trump said he would raise a tariff on European cars and trucks to 25%.

*business · news · 2026-05-01 · MarketScreener*

## Key points

- Trump announced a 25% tariff on European cars and trucks starting next week.
- The tariff targets vehicles not produced in U.S.A. plants, exempting U.S.-made cars.
- Stellantis shares dropped 1.9% and Ferrari shares fell 1.5% after the announcement.
- Trump cited EU noncompliance with a trade deal as the reason for the new tariff.

**Companies:** Stellantis, Ferrari
**Countries:** United States, European Union

[Read the full story on MarketScreener](https://www.marketscreener.com/news/stellantis-ferrari-fall-on-trump-plan-to-increase-tariff-on-european-cars-trucks-ce7f58d9df8cf627)

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