Trump to Implement New Auto Tariffs Around April 2
US President Donald Trump has announced plans to implement new tariffs on automobiles, targeting a significant $240 billion trade flow. The announcement, made in recent statements, emphasizes a push for fair trade in the auto industry. European car manufacturers may face substantial risks from these upcoming tariffs, as they could exacerbate the ongoing US-EU trade tensions. Trump has indicated that the implementation of these tariffs will occur around April 2, with the potential to impact various stakeholders within the automotive supply chain. Concerns have been raised about the economic consequences for European countries, specifically Poland, which might be affected more severely than by previous steel duties.
Bloomberg, The New York Times, The Times of India, Reuters, CNBC, Automotive News, x.com, CBC.ca, Hindustan Times, news-herald.net