Trump's Tariff Affects Automakers

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Many major car companies

BBC

•

Technology

How will carmakers be affected by Trump's tariffs?

Summary

Nutrition label

80% Informative

US President Donald Trump said he would hit foreign cars and car parts with a new import tax of 25% .

Investors sold off shares of carmakers in Japan , Germany and the UK on Thursday , wiping billions of value off names such as Toyota , BMW and Jaguar Land Rover .

Firms in America were some of the hardest hit, with General Motors down more than 7% .

Tesla 's Elon Musk warned that even his company would not be immune from the tariff disruption.

But she warned that the measure would lead to higher prices, fewer sales, and less production across the industry. "They're trying to digest this," she said. "But again there's no question that these tariffs are going to have an impact on the US auto industry.".

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful