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Eugene

(64,147 posts)
Thu Mar 27, 2025, 02:23 PM Thursday

Germany leads defiance to Trump car tariffs, saying it 'will not give in'

Source: BBC

Germany leads defiance to Trump car tariffs, saying it 'will not give in'

27 March 2025

Megan Fisher
BBC News

Germany has said it "will not give in" and that Europe must "respond firmly" as US President Donald Trump targets imported cars and car parts with a 25% tax in his latest tariffs.

Other major world economies have vowed to retaliate, with France's president branding the move "a waste of time" and "incoherent", Canada calling it a "direct attack", and China accusing Washington of violating international trade rules.

Carmaker stocks from Japan to Germany dipped. In the US, General Motors dropped 7%, while Ford fell more than 2%.

Trump has threatened to impose "far larger" tariffs if Europe works with Canada to do what he describes as "economic harm" to the US.

-snip-

Read more: https://www.bbc.com/news/articles/cy4vjwzv22eo

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