Trump’s Auto Tariffs Hit Hard: A Major Blow to European and Asian ‘Allies’

US President Donald Trump has imposed 25% tariffs on foreign automakers, with European and Japanese businesses taking the biggest hit. Let’s break it down. 🗣European auto stocks fell sharply following Trump’s announcement: Mercedes-Benz dropped over 3% BMW and Volkswagen declined more than 2% Porsche AG lost over 4% Continental fell 2% Stellantis dropped over 4% Volvo Car plunged more than 8% Aston Martin slid nearly 5%     🔻All in all, the new round of Trump’s tariff war has wiped out over $14 billion in market value for European carmakers, according to The Telegraph. 🔻European Commission President Ursula von der…