#US auto #tariffs shake global industry as higher prices, job losses loom
> US President #DonaldTrump's announcement of a 25 per cent #tariff on auto imports rippled throughout the world on Thursday (Mar 27), as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries, many of which are US allies.
> The new levies are a precursor to another expected round of wide-ranging US tariffs to be levied next week.
https://www.channelnewsasia.com/world/us-trump-auto-tariffs-higher-prices-job-losses-5028731