European Automakers Warn of Tariff's Broad Impact

The European Automobile Manufacturers' Association (ACEA) has issued a stark warning regarding President Donald Trump's imposition of a 25% tariff on auto imports. This move, according to ACEA, could have far-reaching consequences not just for global carmakers but also for the US manufacturing sector.

Call for Rethinking Amid Rising Trade Tensions

Representing 16 leading European automakers, ACEA is urging the US government to reconsider the tariffs as trade tensions escalate. The association highlights the potential for these tariffs to disrupt not only imports into the US but also the export of vehicles manufactured within the country.

Export Figures Highlight Vulnerability

ACEA Director General Sigrid de Vries pointed out that European manufacturers export between 50% and 60% of the vehicles they produce in the US. This statistic underscores the mutual dependency of the US and European automotive industries and the potential for widespread economic repercussions.