French car lobby PFA: there can only be losers in a trade war
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
The French car lobby PFA warns that a trade war between the US and Europe will result in losses for carmakers and manufacturers, with no winners.
PARIS (Reuters) - The French car lobby PFA said on Thursday that there can only be losers in the looming trade war between the United States and Europe
"This emerging trade war will impact our carmakers and equipment manufacturers. There will only be losers," the PFA said.
U.S. President Donald Trump on Wednesday announced plans for 25% import tariffs on all vehicles and foreign-made auto parts fuelling fears that a trade war could slow global growth.
(Reporting by Gilles Guillaume; Writing by Dominique Vidalon; Editing by Benoit Van Overstraeten)
The main topic is the potential negative impact of a trade war between the US and Europe on the automotive industry.
The trade war is expected to impact carmakers and equipment manufacturers, potentially slowing global economic growth.
The US announced plans for 25% import tariffs on vehicles and foreign-made auto parts.
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