The global auto industry is bracing for turbulence after former U.S. President Donald Trump announced aggressive 25% tariffs on imported cars and parts earlier this year. Though described as "permanent," the policy’s erratic rollout has left businesses scrambling—and experts fear long-term damage to supply chains and consumer wallets. 🔧💰
Supply Chain Chaos Ahead?
Dan Hearsch of AlixPartners warns that these tariffs could "reshuffle the entire automotive ecosystem," hitting countries like Germany and Japan hardest. Car prices might spike by thousands of dollars, forcing automakers to rethink production hubs. 🇩🇪🇯🇵
Global Domino Effect
Burkhard Riering from Automobilwoche highlights risks for EV innovation, while Zhang Yu of Automotive Foresight notes the Chinese mainland’s strategic moves to stabilize its auto exports. As trade policies zigzag, experts say collaboration—not tariffs—is key to avoiding a "race to the bottom." 🌐⚡️
