Trump Floats Auto Tariffs Targeting $240 Billion Trade Spigot
Bloomberg reports that car imports to the US are under threat, and possible duties could bring down the market.
President Donald Trump’s threat to slap tariffs on imported vehicles puts a $240 billion trade route in the crosshairs, with some of the biggest brands in Germany and South Korea among the most exposed. Imports accounted for roughly half of the US auto market last year. About 80% of Volkswagen AG’s US sales are imported, while 65% of Hyundai-Kia’s US... ...
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