Global auto powers plotting response in Geneva meet to US President Donald Trump's auto tariff threats
Eventual tariffs on autos could hit companies including Korea’s Hyundai Motor Co, Japan’s Toyota Motor Corp and Germany’s BMW, as well as global factories for US brands General Motors Co, Ford Motor Co, and Fiat Chrysler Automobiles NV.
Elon Musk takes to Twitter to call out Donald Trump on high tariffs levied by China while importing cars from the US
Tesla has been pushing hard to build cars in China, the world’s largest auto market, but has hit roadblocks in negotiations with local authorities.
The European Union is seeking a drastic cut in import duties for completely built up cars. The domestic lobby says this is premature.