India, Jan. 30 -- The automotive world is in a bit of a flux as newly-appointed United States President Donald Trump has started his term at the White House with an unequivocal threat to impose or raise tariffs on numerous products, including automobiles. In a bid to bolster American manufacturing, Trump has warned of trade wars with Canada and Mexico which could potentially see European carmakers suffer collateral damage. There may also be some ramifications in China, the world's largest automotive market.

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The double-edged threat to raise tariffs on products coming in from Canada and Mexico, as well as impose or hike tariff on several global regions - including European Union (EU), ...