Car Makers Hit the Skids as Trade War Escalates

Car Makers Hit the Skids as Trade War Escalates

The auto industry is braced for a bumpy ride as sweeping tariffs threaten to suppress profit margins, undermine credit quality and make it harder for risky companies to refinance.

Donald Trump crushes world trade, a major trade conflict begins. The question remains what damage the US President is doing.

Economists warn car tariffs will hurt as Donald Trump revs up trade war

The automotive industry has become another front in a burgeoning global trade war, after U-S President Donald Trump announced 25 per cent tariffs on all foreign cars and car parts entering the country. Japanese and European carmakers will be heavily impacted when the penalties come into play on April 2 - but it is not just foreign manufacturers that are expected to feel the strain.

Tariffs, the trade war with China and the United States and other geopolitical issues have shown brands that relying on third parties can seriously jeopardize the commercial strategy. The market is increasingly competitive and while China leads the energy race in producing batteries for electric vehicles, there are many more alternatives when it comes to making engines. Stellantis does not want to depend on anyone and for this he has just announ…

The trade war between the United States and the European Union is a risk for the entire Czech economy. According to professional organizations, the announced American tariffs of 25 percent on cars and auto parts could slow it down.

Protectionism and rhetoric increase the heat in trade wars

Donald Trump’s latest volley in the trade war, seemingly between America and the rest of the world, which ramped up the tensions after seeing 25% tariffs levied on imported cars to the US adding to tariffs on steel and aluminium, which in turn will increase automotive costs. These latest tariffs will be imposed on 2