Summary
Germany vows not to “give in” as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers’ shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
Now $1250 to fix since parts tariffs are coming in May. As an owner of an AMG this is annoying and while I have the money to ignore these impacts it’s still frustratingly stupid that it’s even happening at this level. Every part to repair my car usually has to be shipped from Germany which means you and I will be paying more.
Also, new German cars are mostly touch screens and capacitive buttons. So they need frequent electrical components when they fail.
Also, 99% of German car buyers were the same people paying double for a G wagon during COVID and are now so upside down in their loan that the cars are falling like a rock for pricing. Those people have jobs that generally depend on a healthy economy…