European carmakers take €8bn hit from Trump tariffs
US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal
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German carmakers set for €10bn cash flow hit as Trump tariffs bite
Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments
Donald Trump says he will raise tariff on EU vehicles to 25%
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Live: How US tariffs have changed from April to August
US President Donald Trump announces levies on dozens of countries and formalises some trade deals