Germany leads global resistance to Trump's 25% car tariffs

Germany and other major economies have vowed to retaliate against U.S. President Donald Trump's new 25% tariffs on imported cars and parts, which will take effect on April 2. German Economy Minister Robert Habeck emphasized the need for the EU to respond firmly, warning that Europe will not be pressured by U.S. trade policies. The tariffs are expected to significantly impact major German automakers like Porsche and Mercedes, potentially costing them billions and leading to a sharp decline in their stock prices. Analysts predict that tariffs on parts from Canada and Mexico could increase vehicle costs by $4,000 to $10,000. The international backlash includes criticism from France, Canada, and China, with many warning of potential disruptions to global supply chains and inflation. Trump, however, defends the tariffs as a strategy to bolster domestic manufacturing, claiming that no tariffs will apply to cars made in the U.S.