Trump’s Big Move: Car Prices Set to Skyrocket?

The US is signaling a major shift in trade policy that could send shockwaves through the global car industry 🚗💥 Commerce Secretary Howard Lutnick hinted that if tariffs on foreign cars are imposed, they will apply to all countries—including South Korea, Japan, Germany, and the UK 🌍 With President Trump expected to make an official announcement on April 2, automakers are bracing for impact 💸

European brands like BMW, Mercedes, and Volkswagen could be hit the hardest, with BMW already forecasting a €1 billion loss 📉 The move comes as the US aims to balance trade, arguing that the EU's 10% import tax on US cars is unfair compared to America’s 2.5% tariff on European imports ⚖️

Carmakers are now scrambling to adjust, with many increasing US production to avoid the potential tax hike 🏭 Will this move reshape the global auto market? Or is it just a negotiating tactic? Stay tuned for more updates! 🚨