TRUMP’S 25% AUTO TARIFF IMPACTS:
🔸 100% Imported: Audi, Porsche, Ferrari.
🔸 BMW & Mercedes: ~25% of sales in U.S.; ~50% of U.S.-sold cars assembled locally, but key parts imported.
🔸 Stellantis: ~50% of revenue from U.S.; ~60% of U.S. vehicles assembled locally, high exposure to demand drop.
🔸 Volkswagen: U.S. = mid-teens % of sales; most parts sourced in North America.
🔸 Renault: No U.S. exposure.