After taking office, the US President announced tariffs of 25 percent on vehicles from abroad. On Thursday, he now explained to “further increase the tariffs in” possibly further in the not too distant future “.
After the introduction of the tariffs, “investments in the American industry, the automotive industry, throughout the industry,”, Trump explained and interpreted this as a sign that his policy was correct.
The US automobile builders’ share prices on Wall Street collapsed shortly after Trump’s statements – the Ford shares fell by 1.6 percent, which of General Motors by 1.5 percent.
The tariffs introduced by Trump on auto parts hit the US automotive industry hard. GM exposed GM last month with losses of up to five billion dollars (around 4.32 billion euros) for the year 2025. Costs are also expected by import duties on the US car manufacturer’s models manufactured in South Korea.
Trump has been pursuing a hard trade policy course since the beginning of his second term in January.
