Global car markets are in reverse. Trump is making it worse


THE tariffs that President Donald Trump may impose on vehicles imported to the US would be just the latest kick in the teeth for carmakers battling cooling markets across the planet.

Findings of an investigation into whether imported cars could pose a national security threat were received by Mr Trump on Sunday, prompting the European Union and Japan to push back against higher levies.

On Monday, China reported yet another monthly slump in car sales. The world's largest car market joins other regions including Europe and the US starting the year on a weak note, fuelling anxiety over an industry already grappling with falling profits amid record spending to finance the shift to electric and...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to