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Germany and France Say Europe Must Respond to Trump’s Auto Tariffs

President Trump’s sweeping tariffs on automobiles drew a sharp reaction on Thursday from leaders in Germany and France, who called on the European Union to hit back firmly against measures that they said would harm the United States and Europe, and global trade as a whole. Mr. Trump announced on Wednesday that he would impose a 25 percent tariff on cars and car parts shipped to the United States, putting pressure on America’s top trade allies around the globe. The tariffs, which he said were permanent, will take effect on April 3. President Emmanuel Macron of France said Thursday that he had told Mr. Trump the day before that tariffs were “not a good idea.” France would work with the European Commission on a “riposte,” he added, the goal of which would be “to find an accord to dismantle the tariffs” and getting the U.S. president to […]

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Trump Imposes 25% Tariffs on Car Imports, Sparking Industry and Trade Concerns

President Donald Trump has announced new 25% tariffs on imported cars and auto parts, set to take effect in phases starting 2 April. Vehicle tariffs will apply immediately, while parts tariffs—excluding those from Canada and Mexico for now—will begin in May or later. Trump framed the move as a boon for American manufacturing, claiming it would drive "tremendous growth," jobs, and investment. However, analysts warn of potential short-term factory shutdowns, higher consumer prices, and strained trade relations. The policy could disrupt global supply chains, particularly for the $240bn annual US car import market, which accounts for half of domestic sales. Mexico, South Korea, Japan, Canada, and Germany—the top suppliers—face direct impacts. US automakers with cross-border operations, like GM and Stellantis (owner of Jeep and Chrysler), saw shares drop 3-3.6% ahead of the announcement. Tesla CEO Elon Musk acknowledged the tariffs […]

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