Trump’s tariffs hit the brakes, China’s EV makers hit the gas
U.S. President’s policies open the door for Asian manufacturing giants.
In this edition of The Mobility Week in Review, we explore the ripple effects of Trump’s tariffs on the automotive industry, IAG’s potential sale of its stake in Air Europa, the expected expansion of high-speed rail connections between the UK and Europe, Northvolt’s sweeping layoffs, and Waymo’s impressive safety record.
Without further ado, let’s dive in.
🇨🇳 As the US raises barriers, Chinese EVs hit the fast lane
It’s a challenging moment for global carmakers, unless you’re in China. Former President Donald Trump’s proposed 25% tariffs on imported cars and parts aim to push manufacturers to bring production to the US and boost job creation. While this has caused share prices to fall for both European and Asian automakers, American manufacturers haven’t been spared either, as their production costs are set to rise.