Europe’s automakers are caught up in Trump tariff plans

By / / Automotive / 1 minute of reading


Donald Trump’s threat of universal import tariffs could have consequences for European OEMs and US customers. By Will Girling

Day one of President Donald Trump’s second term did not include issuing tariffs on goods from many of the US’ global trade partners. However, the prospect still lingers, and a December 2024 report from S&P Global Mobility forecasts individual tariffs of 25-30% on China, Canada and Mexico, as well as a universal 10% for the rest of the world. The analyst anticipates retaliatory tariffs from those impacted, and as Trump pushes for manufacturing to relocate to the US, the European automotive industry will inevitably be caught up.

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Europe’s automakers are caught up in Trump tariff plans



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Avatar of Lisa Walter
Lisa Walter is a news writer for Good News A Podcast. She writes about politics, health, business, and finance. She has been writing for the site since October 2017. Before that, she was a freelance writer for several other websites. Lisa is also an avid reader and loves to read about current events. In her free time, she likes to take care of her garden and spend time with friends and family.

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