Trump's Tariff Threats Cast Shadow Over European Auto Industry

As Donald Trump prepares to take office on January 20, Europe’s already battered car industry is bracing for additional headwinds amid the threat of new tariffs from the incoming U.S. president. Trump has pledged to impose steep new tariffs on goods coming from China, Canada, and Mexico in one of his first acts in office, a promise that could ignite trade wars. That is bad news for European automakers who have already seen sales and manufacturing decline in top markets like the United States and China. The potential tariffs would be felt…