Trump threatens tariffs on European auto imports in escalation of trade dispute

"The biggest hit if the US follows through with tariffs is likely to be on luxury car purchasers here," said Mark Wakefield, global co-head of automotive and industrial at AlixPartners. European automakers tend to produce larger sport utility vehicles in the US because those sell better here but make high-end passenger cars in Europe or elsewhere, he said.

23 June 2018