Wednesday, June 3, 2026
17.7 C
New York

Trump auto tariffs: Asian, European carmakers fear “negative implications” for global economy

World leaders, automakers and business experts across the globe are condemning U.S. President Donald Trump Thursday, after the Republican leader threatened “large scale” tariffs on all cars and vehicles made outside of the U.S.

An executive order signed by Trump Wednesday stated that the U.S. was taking action to protect their automobile industry, which it claimed is “vital to national security and has been undermined by excessive imports.”

Among the many expressing disdain about Trump’s decision was Japanese Prime Minister Shigeru Ishib. Speaking in Tokyo Thursday, he argued the U.S. decision, saying, “we are one of the biggest investors in the U.S.” Ishib further posed the question: “Is it right that all countries are treated the same?”

The auto tariffs are set to go into effect April 2 and will not apply to U.S.-made parts in foreign-made vehicles, according to Trump’s order.

For more info, please go to https://globalnews.ca/news/11100564/donald-trump-tariffs-canada-eu/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Trump #Tariffs #Automobile

source

Hot this week

GDP (Second Estimate) and Corporate Profits, 1st Quarter 2026

Real gross domestic product (GDP) increased at an...

Ulta Beauty (ULTA) Q1 earnings 2026

An Ulta Beauty store in Colma, California, US,...

SEC Charges Texas Man Nathan Fuller in $12.3M AI Crypto Trading Bot Fraud Case

TLDR: SEC says only 3% of $12.3M was traded,...

Alphabet AI spending surge could weigh on hyperscaler stocks

Alphabet announced an $80 billion equity offering on...

Latest Post

Demo

Related Articles

Popular Categories

Demo