US President Donald Trump’s latest protectionist trade plans have sparked fresh concerns for the automotive industry. The controversy surrounds plans to slap a 25% tariff on imported steel and a 10% tariff on aluminium – both key materials in vehicle production. The proposal was casually unveiled by the President during a meeting at the White House with steel and aluminium industry executives. The aim is to protect domestic suppliers and promote national security….
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April 24, 2019