Trump tariffs pose challenge for Europe's carmakers
Bogdan Hofbauer
PARIS U.S. tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and Mercedes. Donald Trump announced on Feb. 26 that European products would be subject to 25 percent customs duties "soon." Half of the vehicles sold by European manufacturers in the United States are imported, according to Moody's, amounting to 785,000 cars worth $44 billion dollars in 2024. If the tariffs take effect, the carmakers could absorb part of the cost in their
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