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These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
U.S. President Donald Trump’s tariffs on European car imports were always expected to hit hard — but a recent flurry of trading updates and corporate earnings from the region’s top automakers can now showcase the impact. Seeking to protect and strengthen the U.S. automotive sector, Trump imposed 25% tariffs on foreign-made vehicles and car parts in early April. The automotive sector is widely regarded as acutely vulnerable to levies, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America. The U.S. president also raised tariffs on steel ... (full story)