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US electric vehicle industry is collateral damage in Trump’s escalating trade war

  • President Trump announced a 25% tariff on imported vehicles and auto parts, effective April 3.
  • This action intends to bolster domestic manufacturing and reduce reliance on foreign vehicles.
  • The tariff impacts imported cars, light trucks and key parts like engines and transmissions.
  • Experts warn prices could increase by $12,500 per imported vehicle, impacting affordability.
  • International leaders criticize the tariff due to retaliation and potential global trade war risks.
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Waterloo Cedar Falls CourierWaterloo Cedar Falls Courier
+18 Reposted by 18 other sources
Center

Trade war takes toll on EVs

DETROIT — President Donald Trump’s tariff blitz sent shock waves throughout every aspect of the global economy, including the auto sector, where multibillion-dollar plans to electrify in the United States are especially at risk.

·Waterloo, United States
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  • 60% of the sources are Center
60% Center
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The Korea Times broke the news in Korea, Republic of on Thursday, April 3, 2025.
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