Global automakers say Trump’s tariffs will be painful for them and US consumers
Written by Black Hot Fire Network on March 27, 2025
FRANKFURT, Germany (AP) — Whatever domestic economic gain comes from U.S. President Donald Trump’s new 25% tax on imported cars – and experts are skeptical – automakers around the world are bracing for a lot of pain.
In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest automakers employ millions of people whose livelihoods depend on U.S. car buyers, who currently spend more than $240 billion annually on imported cars . . .
