05.03.2025 10:10
U.S. President Donald Trump threatened automotive manufacturers. He stated that automotive companies producing outside the U.S. would be subject to tariffs, emphasizing that this would result in his country earning trillions of dollars.
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After being inaugurated for a second time, U.S. President Donald Trump delivered his first address to Congress, conveying important messages regarding domestic and foreign policy. The U.S. President announced that they are working on new support packages for American cars and industrial products to encourage domestic production.
"TARIFF IS A BEAUTIFUL WORD"
Trump stated that China, South Korea, India, and European countries have been imposing unfair tariffs on U.S. goods for years, emphasizing that this imbalance will be addressed. He mentioned that tariff is a beautiful word when talking about the growing automotive sector in the U.S., saying, "If you don't produce your products in America, you will pay a tariff."
TRUMP'S PROMISE OF "TRILLIONS OF DOLLARS"
Trump argued that the additional tariffs he will impose on Canada, Mexico, and China will be beneficial. He claimed that these tariffs will open up the American automotive sector and that the American economy will generate trillions in revenue as a result.
HERE ARE THE COMPANIES THAT WILL BE MOST AFFECTED BY THE NEW TARIFFS
According to reports in the American media, Trump's additional tax tariffs will most affect European car manufacturers. It is estimated that these companies could face nearly $6 billion in profit losses. Among them, German companies Volkswagen, BMW, and Mercedes stand out, while Stellantis is also expected to be significantly affected. Moreover, following the tensions with Europe, it is widely discussed that Trump may impose new additional taxes on European automotive firms. However, it is commented that automotive prices in the American domestic market could rise by at least 25% in their current state.
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