European carmakers "deeply concerned" by new US tariffs

Reuters

European automotive manufacturers expressed deep concern over new U.S. tariffs on foreign-made vehicles, calling it a critical moment for the industry amid rising global competition.

U.S. President Donald Trump signed an executive order imposing a 25% tariff on imported cars and light trucks. The Automobile Manufacturers’ Association (ACEA) warned the move could harm both global automakers and US domestic manufacturing.

ACEA Director General Sigrid de Vries emphasized that European automakers have long invested in the US, creating jobs and boosting local economies. She urged Trump to reconsider, highlighting that tariffs will not only raise costs for American consumers but also impact auto parts, hurting U.S.-based production for exports.

With 50–60% of European-made vehicles in the U.S. exported, ACEA stressed the industry's positive trade balance contribution and called for urgent EU-US dialogue to prevent a trade war.

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