Global automakers are anticipating significant disruptions due to the U.S. administration's 25% tariff on imported cars and auto parts. This policy aims to boost domestic jobs and tax revenues but is expected to raise vehicle prices and potentially harm U.S. consumers. Key trading partners are considering retaliatory measures, heightening fears of a trade war.
CROFAM SOCIAL NETWORK
The Trump administration is set to intensify the ongoing trade conflict by imposing 25% tariffs on imported cars and auto parts. This move aims to reduce the U.S. trade deficit but has prompted key trading partners, including Europe and Canada, to prepare retaliatory measures. Analysts warn that these actions could lead to market disruptions and a potential recession.
