'Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success
Publishing timestamp: 2024-11-27 01:24:04
Summary
Slovakia, known as the "Detroit of Europe" for its thriving automotive industry, is facing challenges due to President-elect Donald Trump's pledge to impose tariffs on goods coming into the U.S. The country heavily relies on U.S. trade, with autos accounting for a significant portion of its exports. Germany's auto industry is also vulnerable to Trump's tariffs, as it is the largest exporter of passenger cars to the U.S. in Europe. The uncertainty surrounding Trump's threats is causing concerns for European automakers.
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Keywords: donald trump, slovakia, slovakia government, germany, politics, byd co ltd, stellantis nv, tata motors ltd, business news, breaking news: politics, trade, autos, business, volkswagen ag, economic events, united states, ursula von der leyen,