Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
It Is Happening Every Day, Every Where
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
The scale of the damage depends on the circumstances of each company’s supply chain.
The United States is a crucial export market for the German auto industry, which is already suffering from weak sales and increased competition from China.
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.
The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.