The US is contemplating tariffs on imported cars from all countries, including South Korea, Japan, Germany, and the UK. Commerce Secretary Howard Lutnick stated that if enacted, these tariffs would be universal, not aimed at specific nations.

This decision emerges during heightened trade tensions and could severely affect European automakers, particularly BMW, which anticipates a €1 billion decline in earnings. Analysts believe these tariff threats may serve as leverage to negotiate fairer auto tariffs between the US and the EU.

The Digest, 3/14/2025 @1130PM, CDT

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