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Trump announces auto tariffs amid mixed reactions from industry and global leaders

President Donald Trump has announced a 25% tariff on auto imports, set to take effect in April, aimed at boosting domestic manufacturing and generating $100 billion annually. While he stated that Tesla CEO Elon Musk did not influence this decision, he suggested the tariffs could be "net neutral or good" for companies with U.S. plants.Tesla has warned the U.S. Trade Representative about potential sourcing challenges for certain components due to the tariffs, which have sparked global outrage and calls for countermeasures from countries like Germany and Japan. The American Automotive Policy Council has urged that tariffs should not burden consumers or harm competitiveness.
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United States Dollar General Motors Co Mercedes-Benz Group AG Tesla, Inc. Ferrari N.V. MEX CAN ITA DEU JPN CHN USA Elon Musk Donald Trump Stephanie Scarbrough Show more
Politics & Governance, News Article
19:57 27.03.2025
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