Investing.com – President Donald Trump’s statements on possible tariffs of 25 % on imports from Canada and Mexico have concerns European companies that have supply chains in these two countries, but have larger sales in the USA aroused.
In a message from Thursday, the Bank of America (Bofa) emphasized dozens of European companies, which are particularly susceptible to these tariffs due to its supply chain and sales dependency.
Among them is Stellantis (NYSE :), the Italian automobile manufacturer. According to the Bofa, the company has 16 supply chain members in Canada and generates 47 % of its sales in North America (Na), although no engagement in property was reported in the USA.
BMW (ETR :), another automobile giant from Germany, has 18 supply chain members in Canada and achieves 26 % of its sales in the United States, while his asset in the United States is almost 18 %.
National network (Lon :), a British supply company with a market capitalization of 58 billion euros, has a significant presence in the United States, with 50 % of its assets and 54 % of its sales associated with the region. Although the specific supply chain connections in Mexico and Canada are minimal, the company is very susceptible to dysfunction due to its strong presence in the United States.
Switzerland is in the industrial sector Holcim (SIX 🙂 is dependent on markets in North America for 39 % of its sales as well as five Canadian and three Mexican supply chains.
The Spanish company Ferrovial, which generates 50 % of its sales in the United States, also appears on the bofa radar, although its supply chain compounds in the two target countries are negligible.
Further remarkable mentions are: Tenaris (Bit :), an Italian energy company with 9 supply chains in Canada and Mexico and 52 % of its sales in North America. In addition, Denmarks Vestas wind Systems (CSE 🙂 has 14 supply chain members in Canada and achieves 37 % of its sales in the NA.
Even the health sector shows risks. The Lonza Group AG (SIX 🙂 based in Switzerland maintains four Canadian supply chain compounds and generates 32% of its sales in the USA.
German chemical company Brenntag AG (ETR 🙂 has both Canadian and Mexican supply chains and 36 % is involved in the US sales, while the Swiss food and beverage giant Nestle SA (SIX 🙂 runs eight Canadian and ten Mexican supply chain members and 35 % of its sales This achieves us.
Other companies listed by the Bofa are Astrazeneca (Nasdaq :), ABB LTD (SIX :), Mercedes Benz Group AG (ETR :), Volkswagen (ETR :), Epiroc (ST 🙂 And several more.
