European carmakers warn tariffs will hit US economy too

“The tariffs are unjustified, harmful and absolutely contrary to the spirit of collaboration that must exist between allies,” says Roberto Vavassori, president of ANFIA, the national association of the automotive industry supply chain. The impact of those announced by Trump would be harsh, “a large magnitude,” explains Vavassori. Between cars and components, the Italy-US export is worth about 5 billion euros, not counting that part of the compon…

Trump Tariffs to Force Carmakers to Rethink Strategy, ACEA Says

US President Donald Trump’s tariffs on car imports will be a major blow to earnings across the industry and likely force automakers to take drastic action, according to the head of Europe’s main car lobby.

The European Union is ready to impose additional tariffs of 25 percentage points on car imports to the United States and will respond if necessary, the European Commission has assured. Some countries around the world have already announced countermeasures.

European carmakers warn tariffs will hit US economy too

The European Automobile Manufacturers' Association (ACEA) warned on Thursday that President Donald Trump's new 25% auto tariffs will harm global carmakers and US manufacturing. The industry group, rep...

Germany says Trump's auto tariffs would harm both US, EU economies

Trump’s move will make US cars more expensive, prices in US will continue to rise, warns German Economy Minister Habeck - Anadolu Ajansı

Many vehicles produced in the United States rely heavily on European components, said the Italian Foreign Minister