25% auto tariffs could cause recession in EU & Japan, hit the financial markets

Singapore

WHILE everyone's attention has been focused on the trade tension between the United States and China, there is another trade hot potato that warrants close monitoring.

The issue that should be on everyone's radar is a possible 25 per cent tariff on car imports into the US from the European Union (EU) and Japan, said Stefan Hofer, managing director and chief investment strategist at LGT Bank Asia.