The actions of car manufacturers around the world collapsed yesterday before the announcement of the new Trump automotive tariffs, 25% to all vehicles and car parts of foreign manufacture imported to the United States. Beyond stock fluctuations and always nervous investors, the measure will cause an unprecedented commercial war since affected countries have announced reprisals.
Trump’s automotive tariffs will also have impact on the global technology industryalready affected by the tariffs themselves to the manufacture of chips. And it is that the motor industry depends more and more on the semiconductors in sections such as safety or info-entertainment, in addition to being key in autonomous or electric cars in full transition.
Responses to Trump’s automotive tariffs
The new White House administration is using tariffs as an incentive to force foreign suppliers to manufacture in the country and also bend in geopolitical issues. But they entail a significant increase in costs that will finally be impact on the final buyer. Understanding that import taxes are harmful to all, including Washington, the measure will probably depress production, raise prices, reduce sales and will feed a global commercial war.
This, in general, because several American media indicate that the measure “It’s a gift for Tesla”as payment to your partner Elon Musk at a complicated time for the company.
The United States allies, from Tokyo to Berlin, have denounced the tariffs imposed for the motor world that will enter into force as of April 3, for unjustified and for violating existing trade agreements. Most threatens retaliation, in that sector or in others more favorable to the US
The Prime Minister of Canada It has been the hardest, ensuring that deep ties with the United States “It was over”. Mark Carny warned the Canadians that Trump had permanently altered the relations and that, regardless of any future commercial agreement, “there would be no going back.” “The old relationship we had with the United States, based on the deepening of the integration of our economies and a close military and security cooperation, has ended”.
The president of FranceEmmanuel Macron, said he had informed his American counterpart that tariffs were not a good idea. «They disturb value chains, generate an inflationary effect and destroy jobs. Therefore, they are not good for American or European economies »he said. Macron said that Paris would collaborate with the European Commission in an answer for Trump to reconsider his position.
From Germanythey also emphasized that the Commission would defend free trade as the basis of EU prosperity. The German chancellor, Olaf Scholz, raised Trump’s decision as wrong and said that Washington seemed “Chosen a path to the end of which there are only losers, since tariffs and isolation harm everyone’s prosperity”.
The Prime Minister of United KingdomKeir Starmer, said the tariffs were “Very worrying” and that his government would respond with pragmatism and lucidity. The United Kingdom “He does not want a commercial war, but it is important that we maintain all the options on the table”he said.
Finally, from Asia Criticism also rains and threatens retaliation. South Korea said he would launch a complete emergency response to the measures proposed by Trump, while Japanese prime minister Shigeru Ihiba said that Tokyo was putting “All table options”.
China’s Foreign Ministry said the US strategy violated the norms of the World Trade Organization and did not contribute to the solution of his own problems. His spokesman, Guo Jiakun, declared: “The development and prosperity of any country are achieved by imposing tariffs”.
