Dhaka, March 28 -- Global automakers are bracing for severe financial strain as U.S. President Donald Trump prepares to impose a 25% tariff on imported cars, a move experts say could disrupt global supply chains, increase prices for American consumers, and trigger retaliatory measures from trade partners.
The tariffs, set to take effect on April 3, target both imported vehicles and auto parts, which were valued at $197 billion last year. While the Trump administration argues the measures will boost domestic manufacturing and create jobs, industry experts and policymakers warn of significant economic fallout.
Global Impact and Industry Concerns
Automakers across Japan, South Korea, Mexico, Canada, and Europe employ millions of workers w...
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