US electric vehicle industry is collateral damage in Trump’s escalating trade war
- President Trump announced a 25% tariff on imported vehicles and auto parts, effective April 3.
- This action intends to bolster domestic manufacturing and reduce reliance on foreign vehicles.
- The tariff impacts imported cars, light trucks and key parts like engines and transmissions.
- Experts warn prices could increase by $12,500 per imported vehicle, impacting affordability.
- International leaders criticize the tariff due to retaliation and potential global trade war risks.
114 Articles
114 Articles
How Stockholm's electric car fair will attract new visitors
This weekend, Europe's largest electric car show opens its doors in Älvsjö. It takes place in the shadow of a global tariff war and a stormy CEO change at Volvo Cars. But here, electric cars like Tesla dominate – with extra guards around their stand.
The Suicide of Civilizations ... in progress
Several highlights of Edward Luce's recent - and he points out - note in the Financial Times about the current world situation are particularly noteworthy.As it can be seen from that note, beyond the impact that the tariff war unleashed by Trump is already having on the world, the picture is worrying for the world in the areas of democratic tolerance and, of course, the orderly growth of the economy in the midst of the tariff war unleashed.
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