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European automakers also tumbled, with Stellantis down 5.2%, Mercedes-Benz off 5%, and BMW falling 4.4%.<\/p>\n
Asian auto stocks were similarly hit, with Hyundai, Kia, Toyota, and Mazda recording sharp losses. The Nikkei 225 ended 0.6% lower, while South Korea\u2019s Kospi slid 1.39%. European auto indices plunged 3.3% in early trading.<\/p>\n
The 25% duty applies not only to finished vehicles but also to critical components like engines, transmissions, and electrical systems\u2014though these will phase in starting May.<\/p>\n
Vehicles assembled in the U.S. using American-made parts may escape the new charges, but uncertainty remains high. Trump emphasized that carmakers must \u201cbuild in the U.S. or pay the tax,\u201d pressuring foreign and even some U.S.-based firms relying on global supply chains.<\/p>\n
The European Union and Canada voiced strong opposition, with Canadian Prime Minister Mark Carney calling the move a \u201cdirect attack\u201d and hinting at retaliatory measures.<\/p>\n
Trump warned of even larger tariffs if those nations collaborate against U.S. interests. Meanwhile, emerging market leaders like Brazil signaled WTO action was under consideration. Analysts fear the tariffs could spark wider trade tensions, especially with reciprocal duties set for April 2.<\/p>\n<\/div>\n
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[ad_1] Daily Ford Motor CompanyEuropean automakers also tumbled, with Stellantis down 5.2%, Mercedes-Benz off 5%, and BMW falling 4.4%. Asian auto stocks were similarly hit, with Hyundai, Kia, Toyota, and Mazda recording sharp losses. The Nikkei 225 ended 0.6% lower, while South Korea\u2019s Kospi slid 1.39%. European auto indices plunged 3.3% in early trading. Tariffs Extend to Key Auto Parts The 25% duty applies not only to finished vehicles but also to critical components like engines, transmissions, and electrical systems\u2014though these will phase in starting May. Vehicles assembled in the U.S. using American-made parts may escape the new charges, but uncertainty remains high. Trump emphasized that carmakers must \u201cbuild in the U.S. or pay the tax,\u201d pressuring foreign and even some U.S.-based firms relying on global supply chains. International Backlash and Trade War Fears The European Union and Canada voiced strong opposition, with Canadian Prime Minister Mark Carney calling the move a \u201cdirect attack\u201d and hinting at retaliatory measures. Trump warned of even larger tariffs if those nations collaborate against U.S. interests. Meanwhile, emerging market leaders like Brazil signaled WTO action was under consideration. Analysts fear the tariffs could spark wider trade tensions, especially with reciprocal duties set for April 2. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":40454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-40453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t