Trump’s latest tariffs rock automotive sector - leatherbiz: Leading ne Leatherbiz

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Trump’s latest tariffs rock automotive sector

27/03/2025

US President Donald Trump has said he will impose 25% tariffs on all cars and automotive parts imported into the US from the start of April.

Share prices of the big auto makers fell on the news. Volkswagen, BMW, Mercedes-Benz, Porsche and Continental lost $4.8 billion in combined market value on March 26, reported Reuters.

Almost half the cars sold in the US are imported, and some countries are now weighing retaliatory measures.

The tariffs could add thousands to the cost of a car in the US, it has been suggested.

 

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