Europe, Trump and tariff
Digest more
Top News
Overview
Impacts
The New York Times |
Automotive tariffs could squeeze an industry that is already vulnerable — especially in Europe’s biggest economy, Germany, which sends American consumers cars from companies like Volkswagen, Mercedes...
U.S. News & World Report |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
USA Today |
If the new tariffs go into effect as scheduled, imports will become more expensive.
Read more on News Digest
For Europe, doubling down on its relationship with China could come at a steep price—including the loss of its storied auto industry.
No automaker will be truly immune from the effects of the tariffs, but some will be in a particularly bad spot.
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.
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.
Leaders in both countries warned that tariffs would fan inflation in the United States and upend global supply chains.
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
European stocks are expected to open sharply lower Thursday as global markets react to new automotive tariffs announced by U.S. President Donald Trump.
The UAW shares that goal and has backed the auto duties. But executives, analysts and economists have warned the actions could quickly hamper auto production, wipe out profits and add thousands of dollars to the cost of new vehicles,
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