Trump drives tar­iff wars

Wheels (Australia) - - Redline -

US Pres­i­dent Donald Trump’s hard­line pro­tec­tion­ist stance against Chi­nese im­ports has thrown cars right into the mid­dle of a new trade war. Trump re­cently slapped a 25 per­cent tar­iff on US$50 bil­lion ($A67.4 bil­lion) worth of goods in­clud­ing cars, af­fect­ing man­u­fac­tur­ers in­clud­ing Volvo, which will build its Polestar 1 hy­brid coupe just out­side Shanghai. The move has sparked fears that Trump would ex­tend the tar­iff to all im­ported cars in a bid to win vot­ers ahead of the up­com­ing US mid-term elec­tions due in Novem­ber.

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