5 Articles
5 Articles
Will Trump's tariffs break 'backbone' of Slovakian economy?
Approximately one million cars roll off Slovakia's production lines each year, making this central European country with a population of 5.4 million the world's largest carmaker per capita and, consequently, the most exposed in Europe to the tariffs on car imports imposed by US President Donald Trump. The car industry drives 11% of Slovakia's economy, which totaled €127 billion ($139 billion) in 2023. Exports account for over 90% of GDP, and car…
Volkswagen’s Audi freezing US imports due to Trump’s 25% autos tariff
Volkswagen's Audi is holding its cars which arrived after April 2, when President Trump announced a 25% tariff on autos imports, in US ports, it said Monday, as companies scramble to work out how they will be affected by the duties.
EU seeks tariff elimination on car imports from India, domestic industry remains cautious - The Times of India
The European Union urges India to significantly lower tariffs on car imports from over 100% to 10% amid trade deal negotiations. Despite domestic automakers' concerns, the potential agreement would benefit European carmakers like Volkswagen and Tesla. Both sides are showing flexibility to finalize the deal by year-end to prevent economic repercussions.
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