1136 GMT - The Liberation Day tariffs could have been worse for EU automakers, but they still aren't fully priced in, Barclays analysts write. The U.S. confirmed 25% tariffs on auto imports, but they are exempt from any additional tariffs, which is overall a more moderate result than the worst-case scenario of stacked reciprocal tariffs, they add. However, the bank now thinks the 25% tariff will be applied for the long term, leading to higher costs, capital spend to modify footprints, price inflation to consumers, and likely lower volumes. Manufacturers now face tough choices over how much of the cost they absorb themselves versus passing on to customers and dealers. Barclays's most preferred EU names are Ferrari and Renault, while its least preferred are Porsche and BMW. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 07:36 ET (11:36 GMT)
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