(BFM Stock Exchange) – The entire sector suffers this Monday, June 2. Stellantis lost 4.8% while Ford and General Motors accuse folds similar to Wall Street. Donald Trump intends to increase additional customs and aluminum customs from 25% to 50% to 50%, important materials for a vehicle.

Among the sectors that have suffered from the vagaries linked to customs surcharge of the Trump administration, the automobile is in a good place.

The compartment is both concerned by the additional American customs duties hitting Mexico and Canada, important manufacturers in the United States many parts and vehicles in these two countries, those against imports, more general, automobiles and equipment, or even steel and aluminum surcharge.

This Monday, June 2, the actions of the sector are still struggling after Donald Trump announced, in the evening from Friday to Saturday, that it intended to double the surcharges on aluminum and steel, which would go from 25% to 50%, so that it defends national production.

A study of the BCG pointed in February that these surcharges would greatly affect several sectors, including the automobile or the construction industries.

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Even Renault is caught in the storm

To Wall Street. Ford falls of 4.9% and General Motors accused the same withdrawal, shortly after the closing of the European market, in reaction to these announcements. Stellantis, of which the United States remains the most important country, lost 4.8% in Paris, when Renault returned 3.7%.

These variations are however a little surprising. First, in the case of Renault, because the European manufacturer is absent from the United States and is present only indirectly, via its participation of just under 36% in Nissan.

Then because, at the end of April, Donald Trump had signed a decree to prevent the manufacturers from paying customs surcharges of 25% on imports of parts and vehicles do not suffer a double penalty, paying for other additional customs duties, on steel and aluminum, as the New York Times pointed out.

“The problem is above all that the market has the impression that the procrastination and uncertainty start again on the file of customs duties”, explains an analyst to try to decrypt the stock market reactions of the day. “Besides, the sector had raised well, it could calm the enthusiasm,” he added.