US EditionAmerica’s British retro car lovers face heftier price tag from Donald Trump’s tariffs
- US President Trump imposed a 25% tariff on automotive imports effective April 3.
- This action followed his April 2 announcement of new import duties.
- His broader tariff strategy causes supply chain snarls and price hikes.
- Experts warn consumers will face "rising inflation and a reduced product selection."
- European auto leaders urge swift trade dispute resolution predicting adverse effects.
16 Articles
16 Articles
Business Insider
UpstractThe worst is yet to come: Trump's tariffs could mean even higher prices and empty shelves within weeks
Supply chain scholars and shipping industry insiders say they're expecting higher prices, barren shelves, and job losses if trade deals are not made.
Trump Tariffs Shock European Auto Industry
President Trump's imposition of a 25% import tariff on automotive imports into the United States has sparked alarm and concern among European auto manufacturers, who fear negative economic consequences and call for a swift resolution to the trade tensions.
Trump's tariffs trigger supply chain chaos and consumer price hikes
President Donald Trump's tariff strategy is already creating price hikes and significant disruptions in global supply chains. Industry experts warn these impacts could intensify, leading to higher inflation, product shortages, and rising unemployment. Logistics specialists and shipping industry insiders recently spoke with Business Insider, agreeing that significant effects from Trump's tariffs are imminent. Consumers may soon encounter higher p…
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