Europe, Tariffs and foreign automakers
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Both Mr. Habeck and Mr. Macron warned that the tariffs would hit growth and supply chains on both sides of the Atlantic and fan inflationary pressures in the United States.
From The New York Times
Massive tariff increases could be "highly disruptive" to North American vehicle production, Cox Automobile Chief Economist Jonathan Smoke said during a sales forecast call last week.
From Austin American-Statesman
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The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs.
European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt compa
Markets took a beating after news broke on Tuesday that White House aides have reportedly drafted a proposal to levy tariffs of roughly 20% on nearly all imports.
March 26, 2025: President Trump announces a 25% tariff on almost all imported cars to be effective April 3, 2025, and on key auto parts planned for May 3. March 12, 2025: The U.S. announces Increased tariffs on steel and aluminum to 25% globally. March 4, 2025: Trump increases tariffs on Chinese imports to 20%.
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy. By Jeanna Smialek and Melissa Eddy Jeanna Smialek reported ...
An American Compass analysis attributes the quotas to an 8% increase in the cost of vehicles, more than 100,000 new U.S. jobs, eight new auto assembly plants, 300 new production facilities and more than $25 billon in foreign investment.
President Trump’s 25% tariffs on all vehicles imported to the U.S. will hurt global automakers as well as U.S. domestic manufacturing, the European Automobile Manufacturers’ Association said Thursday.
President Donald Trump is set to unveil his latest round on tariffs on Wednesday. Here's how the tariffs could impact bourbon, farmers and autos in KY
European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish