European automakers jump on trump tariff report
European automakers jump on trump tariff report"
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European automakers surged after the Washington Post report that Trump tariffs will be more focused. The report suggested that the initial tariffs, which still would be imposed on all
countries but not across the board, would be focused on areas of national or economic security. Investors interpreted that to mean automakers might not get hit, despite Trump's personal
annoyance with the industry, as he even during the campaign criticized German plants in South Carolina, saying not assembly was done.
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