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Auto giants tumble as EU’s new steel tariffs spark industry panic

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Auto Giants Tumble As Eu’S New Steel Tariffs Spark Industry Panic

EU Steel Tariffs 2025: Auto Giants Plunge Amid Import Quota Cuts and Industry Chaos In a stunning blow to the global auto sector, major carmakers like BMW and Volkswagen saw their stocks nosedive on Wednesday following the European Union’s bold move to slash steel import quotas and double tariffs. This decision has ignited widespread panic, … Read more

Car giants answer Trump tariffs with price hikes and layoffs

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Car Giants Answer Trump Tariffs With Price Hikes And Layoffs

Detroit, April 4, 2025 – The world’s leading automakers are reeling from President Donald Trump’s “reciprocal tariffs,” enacted on April 2, with a swift cascade of price hikes, production cuts, and layoffs signaling a seismic shift in the global auto industry. As the tariffs—starting at 10% across all imports and spiking to 54% on China, … Read more

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