The mayor of a General Motors factory town on the impact of new tariffs

El Pais

Lean Left

Factuality

Ownership

The new 15 per cent tariffs imposed by the United States on most European products as of 1 August are already affecting the forecasts of large-scale tariffs on both sides of the Atlantic. Although the levy is less than the 25% initially foreseen, sectors such as automotive, steel or pharmaceuticals — with multinationals such as General Motors, ArcelorMittal or Merck — are among the most exposed with an already declared impact of more than 10 bil…