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Euronews
Euronews
Indrabati Lahiri

How is the European auto industry responding to Trump’s tariffs?

European Union United States Europe Donald Trump Euronews

US president Donald Trump’s 25% tariff on foreign-made cars imported into the US was implemented on Thursday, with a 25% levy on imported auto parts due to come into effect from 3 May onwards. 

This has dealt a severe blow to the worldwide car industry, with potential decreases in investment, and job losses and plant closures looming. 

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