European auto suppliers body calls for solutions, not tariffs
European auto suppliers body calls for solutions, not tariffs
Published by Global Banking and Finance Review
Posted on March 27, 2025
Published by Global Banking and Finance Review
Posted on March 27, 2025
PARIS (Reuters) - The European association of automotive suppliers (CLEPA) on Thursday called on policymakers in Europe to prioritise finding solutions over trade barriers after U.S. President Donald Trump announced 25% tariffs on foreign-made vehicles.
"Tariffs of this scale will disrupt the flow of goods, raise production costs, and ultimately make cars more expensive for consumers, including in the United States," it said in a statement.
"It's a threat to the economic and industrial resilience of the western world," CLEPA added.
(Reporting by Gilles Guillaume; Writing by Gianluca Lo Nostro; Editing by Dominique Patton)
Explore more articles in the Headlines category



