Trump, tariffs and U.S. Auto Industry
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Politico |
Now, Trump’s 25 percent tariff blitz on many foreign auto imports, which is still in place even as he paused a broader set of so-called “reciprocal” tariffs for 90 days, is
Reuters |
Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump's tariffs make it more expensive to buy a vehicle.
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European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said.
Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect.
Leaders may first try to negotiate before imposing reciprocal tariffs, says Timothy Hellwig, an expert on European politics.
European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was due to speak later to the automobile sector about how to respond to U.S. tariffs.
"The UK and US auto industries have a long-standing ... will be the ones affected the most by the planned tariffs among European brands, even though Mercedes-Benz, BMW, and Volkswagen have ...
For Europe, doubling down on its relationship with China could come at a steep price—including the loss of its storied auto industry.
President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.
President Donald Trump's tariff announcements are wreaking havoc on the auto industry. Here's why car buyers should approach the market cautiously.