The new 25% on all car imports to the US is a terrible news, in particular, for the ailing European car industry.
The German car industry is battered by the expectation to net zero according to the German climate target. German cars will become electric.
All over the EU, the expectations are the same, except if the UK where the net zero a target may follow a different timing, adapted to the state of the economy.
Already the EU head Ursula von der Leyen made clear the the EU will respond with counter-tariffs.
Next to Germany, most affected will be Mexico and Canada, where car producers have build huge factories, taking a profit from the local advantages. These producers mat be challenged to move production to the US.
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