Germany has said it “will not give in” and that Europe must “respond firmly” as US President Donald Trump targets imported cars and car parts with a 25% tax in his latest tariffs.
Other major world economies have vowed to retaliate, with France’s president branding the move “a waste of time” and “incoherent”, Canada calling it a “direct attack”, and China accusing Washington of violating international trade rules.
Carmaker stocks from Japan to Germany dipped. In the US, General Motors dropped 7%, while Ford fell more than 2%.
Trump has threatened to impose “far larger” tariffs if Europe works with Canada to do what he describes as “economic harm” to the US
Trump: imposes tariffs on the world The world: “guess we’re not selling to America now” Trump: “stop hurting our economy!”
It’s OK world, we don’t need your cars right now,
TeslasNazi-Mobiles burn just fine