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☆ Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
  + stars: | 2024-12-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +5 min
Speaking on the campaign trail in late September, Trump announced his desire to turn Germany's auto giants into American car firms. "I want German car companies to become American car companies. Trump has since announced plans to introduce new tariffs on China, Canada and Mexico in one of his first acts in office. Rico Luman, senior sector economist for transport and logistics at Dutch bank ING, said Germany's auto sector appears to be significantly exposed to Trump's tariff threats. "We are evaluating the tariffs Trump has proposed," a spokesperson for Volkswagen told CNBC via email.
Persons: Donald Trump, Johnny Mercer, Brandon Bell, Donald Trump's, Trump, Europe wasn't, it's, Rico Luman, Luman, Michael Robinet, Elijah Nouvelage, Mercedes Benz Organizations: Presidential, Johnny, Johnny Mercer Theatre, Getty, Volkswagen, Mercedes, Benz Group, BMW, ING, Eurostat, ING Research, U.S, CNBC, Benz, P Global Mobility, Trump Locations: Savannah , Georgia, U.S, European, German, American, China, Canada, Mexico, Europe, Trump's, Germany, United States, Chattanooga , Tennessee, Wolfsburg, North America, Spartanburg , South Carolina
☆ This asset class is outperforming U.S. stocks in 2023, and you may be missing out
  + stars: | 2023-01-19 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +3 min
It's a continuation of a relatively strong 2022 in which foreign stocks shed 14.5% compared with an 18% loss for U.S. names . "International stocks are set up quite well," says Ross Mayfield, an investment strategy analyst at Baird Private Wealth Management. Investing experts point to a handful of factors that have boosted the performance of international stocks of late. "Now that it's come back down, it's relieved a lot of the pressure on international stocks." "The sector mix for international stocks is more compatible with the economy we've seen," says Mayfield.
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