Donald Trump has once again changed his stance on import tariffs, announcing on March 27 that a 25% levy on imported foreign-made cars will come into effect on April 3. This decision could potentially lead to retaliatory measures from other countries and might negatively impact the global automotive industry, especially affecting German luxury carmakers. The imposition of these tariffs would not only raise prices for consumers but also likely cause these companies to raise their prices. The overall economic impact may not be drastic, but the zones and industries related to it will experience a notable impact.

Source: https://www.dw.com/en/trump-s-auto-tariffs-deal-massive-blow-to-german-carmakers/a-72060583?maca=en-rss-en-all-1573-rdf