Major economies vow to retaliate, with China accusing Washington of violating international trade rules.

Summary

Germany vows not to “give in” as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.

France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.

Automakers’ shares, including General Motors and Ford, dropped significantly.

Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.

  • inclementimmigrant@lemmy.worldEnglish
    12·
    5 days ago

    Like rich people are going to drive a Ford, Chevy , GM, or a Hyundai.

    They’ll pay any extra because these tariffs will only serve to pump up their executive pay more than what the tariffs will cost as they get tax cuts and gouge the rest of us using tariffs as the excuse.