‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs

People will have to move to other sectors.

President Donald Trump's growing trade war seriously affects the economy of many countries, but internally, specifically San Antonio-New Braunfels is the metropolitan area most dependent on exports to Canada, which could trigger unquantifiable damage at the local level.According to an analysis by the Canadian Chamber of Commerce of 2023, almost half of the goods exported (48 percent) from San Antonio were destined for Canada, the largest proport…

U.S. President Donald Trump's tariffs on auto imports are expected to hit automakers and economies around the world hard, but analysts warn that Slovakia, a small European country with no sea exit dubbed the “Detroit of Europe,” could feel the most severe impact, CNBC reports.

The country, heavily dependent on the American market, is likely to pay the high price of the increase in customs duties decided by Washington, despite the ideological closeness with the American President claimed by the populist Prime Minister.

‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs

Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the world.

Last year, Bratislava-based Volkswagen exported 16 percent of its production to the US, and the year before that, up to 20 percent. However, exports from Nitra-based Jaguar Land Rover did not decline. Not all Americans may stop buying large luxury SUVs from both automakers, but the less solvent ones probably will. The fact that the high American tariffs on European car imports, which are being levied from today, will mainly affect Bratislava and…