Global automakers say Trump’s tariffs will be painful for them and US consumers

News Snapshot:

FRANKFURT, Germany (AP) — Whatever the U.S. gains from President Donald Trump's 25% tax on imported cars – and experts are skeptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, automakers employ millions of people whose livelihoods depend on buyers in the U.S. that currently spend more than $240 billion annually on imported cars and light trucks. The Trump tariffs — aimed at boosting U.S. jobs and tax revenues — will also affect imported auto parts, which were valued last year at $197 billion. “The impact will...