02-April-2025
Corporate News
 
Global automakers say Donald Trump's tariffs will be painful for them, US consumers
31-Mar-2025

Whatever domestic economic gain comes from US President Donald Trump's new 25 per cent tax on imported cars – and experts are skeptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world's largest automakers employ millions of people whose livelihoods depend on US car buyers, who currently spend more than USD 240 billion annually on imported cars and light trucks.

News Source:- https://www.moneycontrol.com/news/business/global-automakers-say-donald-trump-s-tariffs-will-be-painful-for-them-us-consumers-12980139.html