Part 6/10:
Concerns among GM, Ford, and Stellantis regarding tariffs have been raised, particularly about the disparity between the 10% tariff on cars imported from the UK and a 25% tariff on those from Canada and Mexico. This inconsistency has led to an undue competitive disadvantage for US manufacturers. Analysts predict that the tariffs on imports from Canada and Mexico may soon align with the UK's rates.
European efforts to counter the influx of Chinese electric vehicles (EVs) have resulted in new tariffs; however, these do not apply to gasoline or hybrid vehicles. Consequently, sales of Chinese cars in Europe surged by 79%, significantly increasing their market share.