Shares in Daimler Truck and Traton dropped after President Trump announced tariffs on heavy-duty trucks, escalating trade tensions. US to impose 25% duties from October 1. Germany’s auto industry association criticized the move, citing potential job losses. Impact on earnings for Daimler Truck estimated at 700-800 million euros. Volvo Group supports US production advantage.

Read more at Yahoo Finance: Daimler Truck, Traton shares fall on Trump’s truck tariffs