‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs
Publishing timestamp: 2025-04-02 10:53:17
Summary
Economists at Dutch bank ING warn that Slovakia, known as the "Detroit of Europe" due to its automotive industry, may feel the biggest impact of Trump's 25% auto tariffs. Germany is also heavily exposed, but Slovakia's high car production per capita and reliance on U.S. trade make it vulnerable. The tariffs are expected to hit car brands and countries around the world, with Slovakia being one of the most affected.
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Tickers: BMW-DE, MBG-DE, STLA-IT, P911-DE, VOW3-DE,
Keywords: mercedes benz group ag, breaking news: politics, bayerische motoren werke ag, volkswagen ag, donald j. trump, business news, politics, stellantis nv, porsche ag, slovakia government, slovakia, autos,