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Trump's Plan to Make European Cars More Expensive Has a Fatal Flaw
President Trump's threat of 25 percent tariffs on EU car imports could spark an automotive trade war—one that will result in higher prices for all and never end in European consumers buying more American autos.
Chrysler, historically one of the “Big Three” US automakers alongside GM and Ford, was bought by Fiat of Italy and, since 2021, has been part of the Amsterdam-headquartered Stellantis group, which owns the supposedly all-American brands Dodge, Jeep, and Ram Trucks. “The automotive industry cannot adjust its structures of production, its supply chains, its models and its forward development plans quickly enough to cope with rapid, irrational and potentially destructive tariff impositions,” he tells WIRED. “Consumers will face higher prices because costs will rise both for finished vehicles and for components or materials,” he says, adding that “the US [auto] industry is in danger of becoming anachronistic, stuck with the technologies of the past, with products that no other market in the world will want.”
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