Japan auto lobby dismayed as Trump declares some imports security threat

Toyota and Suzuki

Japan’s automakers’ lobby stated on Tuesday that it was dismayed by the US President Donald Trump’s declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a potential increase in U.S. tariffs. Trump made the unprecedented designation of foreign automobiles on Friday but delayed for up […]

German auto sector could experience some decline if Trump announces tariffs

Berlin

Germany’s automotive sector could drop as much as 12% over “three bad trading days,” if the US President Donald Trump imposes tariffs on European automakers, one analyst informed CNBC. Trump has until Friday midnight (Washington time) to decide if he should impose duties on auto imports. This would possibly damage Germany, the EU’s traditional growth engine, since […]

EU states it will react quickly if Trump hits it with car tariffs

European Union EU

U.S. President Donald Trump has pledged European Commission President Jean-Claude Juncker that he will not impose extra import tariffs on European cars for now, Juncker was quoted in a published interview as stating on Monday. A confidential U.S. Commerce Department report submitted to Trump over the weekend is largely expected to clear the way for […]