European carmakers have been hit with more than €8bn in tariff costs in the year since Donald Trump increased import duties, with the industry bracing for a fresh escalation in the trade war with the US.
The figure, based on public statements by executives at Volkswagen, BMW, Mercedes-Benz, Stellantis and Volvo Cars, covered 2025 and the first three months of 2026 leading up to the anniversary of Trump’s auto tariffs.
The US raised duties on European cars to 27.5 per cent from 2.5 per cent on April 3 last year as part of President Trump’s blitz of tariff increases. The rate was subsequently reduced to 15 per cent after a US-EU trade deal in August but has still hit carmakers heavily.
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