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How automakers like Ford, VW, Stellantis are reacting to Trump’s 25% tariff

  • President Trump imposed tariffs on foreign automobiles and components, confirming a 25% tariff on automobiles.
  • The White House cited security concerns and declared a national emergency due to ongoing trade deficits.
  • The US implemented tariffs on various trade partners; rates varied, with some of the highest reaching 49%.
  • Trump stated tariffs would generate $6 trillion in investments, insisting they would prevent other countries from 'ripping off' the US.
  • Experts warned of potential recession and trade wars, while companies like Stellantis faced layoffs and VW prepared for price increases.
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Firstpost News broke the news in Mumbai, India on Wednesday, April 2, 2025.
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