Michael Sheetz | CNBC

Chinese tariffs on U.S. automakers will hurt German giants BMW and Daimler more than the big U.S. automakers, according to new research. Beijing has threatened fresh taxes on 106 U.S. produced goods. China's move is viewed as a response to President Donald Trump's list of Chinese imports that the U.S. is taking aim at. China already has a 25 percent tax on all globally imported cars and is now threatening an additional 25 percent hike for U.S.-built vehicles. Analysts at investment firm Evercore ISI said Wednesday that a "blunt conclusion" was that a 25 percent additional auto tariff would generate a $1.73 billion impact this year on German auto firms BMW and Mercedes owner, Daimler. Thus, the current trade spat looks to be drawing in the top three of the world's largest economies: the U.S., China and now the European Union. The note added that Ford, Fiat Chrysler, and GM would be broadly unaffected as they largely build their Chinese products in China.

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In terms of a negative impact, Evercore claimed that BMW would account for the lion's share, accruing a $965 million hit in 2018. To get to that figure the analysts calculated that BMW will generate almost $4 billion worth of 2018 sales from cars built in the U.S. and then shipped to China. The analysis assumed a transaction price of $60,000 per car. BMW Group, who sold almost 2.5 million cars globally in 2017, was not immediately available for comment when contacted by CNBC. In the case of Daimler, the 2018 cost was put at $765 million, based on 51,000 vehicles being exported to China. The analysts again assumed an average transaction price of $60,000 and an annual revenue of just over $3 billion. Daimler told CNBC it would not comment on market speculation or ongoing negotiations between China and the U.S. The firm did add that it was "monitoring the situation closely."

Tesla trouble

The U.S. firm Tesla doesn't provide numbers of deliveries to China but does offer revenue data, suggesting sales worth around $2 billion in 2017. According to Evercore, Tesla could, therefore, be a big loser with tariff impacts potentially reaching $507 million in 2018.

Tesla car dealership in Shanghai taken on March 17, 2015. Johannes Eisele | AFP | Getty Images