It seems that the U.S. government has once again set its sights on the European car market, trying to curb competitors with the leverage of tariffs. European luxury brands like BMW, Mercedes-Benz, and Audi, while beautiful and luxurious on the outside, are not exactly affordable for the average consumer. Now, with the U.S. government’s raise of tariffs, car prices are bound to rise. As consumers pay more for these European cars, the U.S. car industry may get a chance to strike back, as who wouldn’t want to buy cheaper cars? However, there may be larger geopolitical games being played behind the scenes.
Read from: https://www.topspeed.com/increased-tariffs-on-europe-could-hurt-porsche-bmw/