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Benzinga
Benzinga
Business
Badar Shaikh

BMW, Volkswagen, Stellantis Rally As Trump's Japan Trade Pact Fuels Hopes For EU Deal — But Analysts Warn It's 'Impossible To Predict'

European Union Donald Trump Stellantis Japan Europe
Screenshot,Of,Buying,Male,Stocks,And,Futures,Markets,In,Thailand

As President Donald Trump announced 15% tariffs on Japanese imports after reaching an agreement with Japanese officials, shares of some of Europe's top automakers rallied, hoping for similar breakthroughs.

What Happened: Shares of German automakers Bayerische Motoren Werke AG (OTC:BAMXF), Volkswagen AG (OTC:VWAGY) and Mercedes-Benz Group AG (OTC:MBGYY) were all up 5% following the news.

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