Trump, Europe and Tariffs
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Both Mr. Habeck and Mr. Macron warned that the tariffs would hit growth and supply chains on both sides of the Atlantic and fan inflationary pressures in the United States.
From The New York Times
Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded.
From Reuters
Rates for China would be set at 34% for China, while the European Union and Japan would face 20% and 24%, respectively.
From Reuters
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No automaker will be truly immune from the effects of the tariffs, but some will be in a particularly bad spot.
European politicians and a German industry group criticised US tariffs announced by President Donald Trump on Wednesday, but said they were aiming for a cool-headed response.
European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said.
Currently, the following tariffs from the second Trump administration are in effect: 25% taxes on all steel and aluminum imports and 20% taxes on Chinese imports.
Trump announces 25% tariff on foreign cars, reciprocal tariffs on unfair trade, and new tax deductions to boost U.S. manufacturing.
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy. By Jeanna Smialek and Melissa Eddy Jeanna Smialek reported ...
President Trump declared a national emergency Wednesday to impose his sweeping “Liberation Day” tariffs on all imports — with a new 10% baseline rate and harsher levies on dozens of