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Editorial: La Vanguardia

  • Donald Trump confirms imposing 25% customs duty on all automobile imports, regardless of their origin.
  • This move has affected global stock exchanges, including Wall Street, and it had a particular adverse effect on the world's leading manufacturers.
  • The United States imports eight million cars annually worth 240 billion dollars, with Germany being the most affected country.
  • Trump had already imposed a 25% tariff on imported steel and aluminum and 20% on all imports from China.
  • Trump's controversial tariff policies could result in higher prices for American consumers, higher inflation, and potentially an economic downturn.
  • A reduction in world trade due to the implementation of protectionist policies could result in a slowdown in the global economy.

Conclusion: Trump's rigid protectionist stance is causing significant impacts on the global economy, mainly affecting car manufacturers. This move could also impact the US domestic economy, potentially causing inflation and weakening the economy.