VW and Mercedes answer Trump with price hikes, output shifts

VW and Mercedes answer Trump with price hikes, output shifts

By Stefan Nicola and William Wilkes, Bloomberg News Europe’s automakers are raising prices and preparing to shift car production to the U.S. to try to protect themselves from President Donald Trump’s tariffs. Volkswagen AG plans to add import fees to the sticker prices of its vehicles shipped into the U.S., indicating Trump’s 25% auto duties will have an immediate effect on Europe’s biggest carmaker. Volvo Car AB and Mercedes-Benz Group AG are l…

Companies focused on the automotive industry have already begun to show concern about 25 percent tariffs on the sector, imposed by Donald Trump. Armadoras like Volkswagen and Mercedes-Benz are already implementing some measures to counter U.S. taxes. During the early hours of April 3, Donald Trump's tariff measures came into effect for all imports of cars and auto parts that were not manufactured in the United States.Despite warnings about a pos…