Trucking companies Traton and Daimler are falling on the stock market after US President-elect Donald Trump said he would impose 25% tariffs on Mexico and Canada.

Daimler is currently down 3.3%, while Traton is down 2%. Volvo is down 0.6 percent.

Dagens industri has spoken to Lars Söderfjell, head of equities at the Bank of Åland, who believes that the shares are falling because all major truck manufacturers in North America have large production in Mexico, except Volvo.

"I can understand the reaction. Today's movement is all about Trump and the talk of tariffs against Mexico," says Söderfjell.