# European shares saw a downturn on Monday, with automakers particularly impacted by threats of increased U.S. tariffs.

*aerospace · news · 2026-05-04 · Devdiscourse*

## Key points

- President Trump plans to increase U.S. tariffs on European cars and trucks to 25%.
- BMW and Mercedes shares each dropped 2% following new U.S. tariff threats.
- Porsche and Volkswagen shares also fell by 0.9% amid trade tensions.
- Technology stocks, including Nokia and SAP, buoyed the STOXX 600 index with AI-driven growth.

**Companies:** Volkswagen, BMW, Mercedes, Porsche
**Countries:** Germany, United States

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3895621-european-automakers-hit-by-us-tariff-threats-amidst-global-market-shifts)

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