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

The operating earnings of the various makes of Japanese cars (above, at Yokohama port) could be hit by the levy - depending on whether they make their US-bound cars in the US or at home.


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...

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