South Korea, EU, Japan, others prepare response to Trump’s 25% auto tariffs | DW News

US President Donald Trump has announced a 25 percent tariff on all car and light truck imports right into the nation, saying the step would certainly ‘spur growth’ in the American economic climate. The White House said the tariffs would certainly elevate 100 billion dollars a year. However, applying them might be tricky as US carmakers are sourcing several components worldwide, particularly from Canada and Mexico. European Commission President Ursula von der Leyen said she “deeply was sorry for” the relocation. World leaders have actually been responding to President Trump’s choice to present tolls on imported cars. Many have revealed deep dissatisfaction and recognized that the action will harm their economies.

#Tariffs #US #autotariffs
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