Tariffs, Trade Wars, and Turmoil: The Global Car Market in Crisis
Baua Electric
APRIL 7, 2025
In 2025, former President Donald Trump reimposed a sweeping 25% tariff on imported automobiles and selected auto parts. General Motors and Stellantis have both reported reconfiguring supply strategies and increasing consumer incentives to offset sticker shock. Japan and South Koreakey suppliers to the U.S. market strategies.
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