US Finalizes 25% Auto Tariffs, EU Prepares Retaliation

The tariffs, effective April 3, target all auto imports, escalating tensions with the EU and threatening global supply chains.

The Trump administration has confirmed a 25% tariff on all auto imports, set to take effect on April 3, 2025.
The European Union is preparing countermeasures but will wait until after Trump's additional tariff announcements on April 2 before detailing its response.
Germany's auto industry, heavily reliant on the US market, faces significant disruptions, with automakers like BMW, Mercedes, and Volkswagen warning of economic fallout.
US labor groups, including the United Auto Workers, have expressed support for the tariffs, citing potential benefits for domestic job creation.
Experts warn the tariffs could increase consumer prices in the US, reduce demand for imported vehicles, and strain global supply chains.