Carmaker shares fall after Trump 25% tariff move as Reeves warns against trade war
by Julia Kollewe and Kiran Stacey from on (#6W71D)
Chancellor says UK not planning retaliatory tariffs on US at the moment' while PM calls move very concerning'
Shares in automakers around the world fell sharply on Thursday after Donald Trump announced a 25% tariff on all car imports to the US in the latest escalation of his global trade war.
The new levies on cars and light trucks will take effect on 3 April, a day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the US trade deficit.
Continue reading...