Volkswagen & European Union

Volkswagen: Volkswagen, as the parent company of Volkswagen — Audi, is already incurring significant costs from existing tariffs and is exploring options with Volkswagen — Audi to mitigate the impact of potential new tariffs. It is also cutting costs and revamping model lineups.

European Union: The European Union is the bloc whose car imports are targeted by the proposed U.S. tariffs, potentially affecting its member states' automotive industries.

Volkswagen: Shares of Volkswagen were down following the tariff announcement, as it is a major German automaker with significant exports to the United States.

European Union: The European Union is the recipient of the increased tariffs from Donald Trump, which will negatively impact its automotive industry and overall economy. The European Union denies non-compliance with the trade deal and is considering retaliatory measures.