EU pledges to ‘protect our workers’ as Trump announces 25% tariffs on all cars made outside US

News Snapshot:

EUROPEAN COMMISSION PRESIDENT Ursula von der Leyen has pledged to “protect our workers” after Donald Trump announced that he will impose 25% tariffs on all cars and light trucks that are not built on US soil. The US President said the tariffs will take effect on 2 April, the same date that he is set to impose on EU goods and a date he has described as “liberation day”. The tariffs could be complicated as even US car makers source their components from around the world, meaning that they could face higher costs and lower sales. Ford’s stock was up...