How Trump tariffs (2.0) will reshape the car industry
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February 12, 2025By Thierry Mayer, Vincent Vicard, Pauline WibauxThe automotive sector plays a central role in Donald Trump's declarations on trade deficits and his threats of protectionist measures against the European Union (EU) as well as Canada and Mexico. With a $270 billion motor vehicle trade deficit in 2023, cars are one of the major items, nearly a quarter of the total, in the US trade deficit after consumer goods.