US auto tariffs shake global industry as higher prices, job losses loom
Tamara Ceaikovski
DETROIT: US President Donald Trump's announcement of a 25 per cent tariff on auto imports rippled throughout the world on Thursday (Mar 27), as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries, many of which are US allies. The new levies are a precursor to another expected round of wide-ranging US tariffs to be levied next week. But the auto tariffs alone could add thousands of dollars to the average cost of a vehicle in the
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