QUOTES-Trump's 25% car tariff ignites international criticism
"Important to note that Tesla is not unscathed here. The tariff impact on Tesla is still significant.
"This will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial."
"
"We need to consider what's best for
EU COMMISSION PRESIDENT
"Bad for businesses, worse for consumers."
CANADIAN PRIME MINISTER
"We will defend our workers, we will defend our companies, we will defend our country, and we will defend it together."
CHINESE FOREIGN MINISTRY SPOKESPERSON GUO JIAKUN
"No country's development and prosperity are achieved by imposing tariffs."
GERMAN ECONOMY MINISTER
"What counts now is to have a firm response to these tariffs from the EU. It needs to be clear that we will not take this lying down."
"The EU must now give a firm response to the tariffs - it
must be clear that we will not back down in the face of the
U.K. FINANCE MINISTER
"Trade wars are no good for anyone."
"We are working intensely these next few days to try and
secure a good deal for
NATIONAL FOREIGN TRADE COUNCIL, WHICH REPRESENTS MANY U.S. COMPANIES, VP TIFFANY SMITH
"Placing tariffs on imports of autos risks damaging the competitiveness and export readiness of an industry that relies on integrated international supply chains and markets for its success.
"We urge the administration to focus on the competitiveness
of the U.S. auto industry and prioritize market opening
opportunities for auto companies who manufacture vehicles for
export in
UNITED AUTO WORKERS UNION PRESIDENT
"We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working class communities for decades ... These tariffs are a major step in the right direction for autoworkers and blue-collar communities across the country, and it is now on the automakers, from the Big Three to Volkswagen and beyond, to bring back good union jobs to the U.S."
UBS
"The tariffs could also disrupt supply chains, deter
investments, and significantly raise consumer prices, while
potentially igniting trade disputes with
"We still expect a significant expansion of tariffs, potentially leading to a cycle of tit-for-tat escalation and increased market volatility in the weeks ahead."
JP MORGAN
"The steep and broad-based tariffs are likely to cause supply chain disruptions globally, with an immediate hit to OEM production, likely greater than the demand hit near-term, driving inventory and days supply lower."
WEDBUSH
"In our view these initial tariffs (if they hold in their
current form) would be a hurricane-like headwind to foreign (and
many U.S.) automakers and ultimately push the average price of
cars up
CAPITAL.COM MARKET ANALYST
"I think the big concern is that not only will these tariffs be disruptive and economically harmful, but they indicate that the Trump administration's shake-up of global trade won't necessarily end with next week's announcement."
"This potentially drags out trade uncertainty even longer and raises the question of how radical a change to the global trade order is Trump trying to bring about."
BMW
"A trade conflict between these economic regions [
"Both sides should therefore promptly find a transatlantic deal that creates growth and prevents a spiral of isolation and trade barriers."
FRENCH CAR PARTS SUPPLIER VALEO
"We will have to raise prices as a result."
AUTOFORECAST SOLUTIONS ANALYST
"Clearly there are going to be winners and losers...
Companies that have invested hundreds of millions and billions
of dollars on plants in
EDMUNDS ANALYST
"Many vehicle parts are sourced globally, which would increase repair costs for car owners, and reconditioning costs for dealers. Insurance premiums will also likely increase as any accidents involving new parts will see increased costs as well."
"President Trump is at it again. His 25 per cent tariffs on
cars and light trucks will do nothing more than increase costs
for hard-working American families. U.S. markets are already on
the decline as the president causes more chaos and uncertainty.
He's putting American jobs at risk. I've spoken with Prime
Minister Carney. We agree
GERMAN CAR INDUSTRY ASSOCIATION VDA PRESIDENT
"The announced additional US tariffs of 25% on all passenger cars and light commercial vehicles that are not manufactured in the U.S. are a fatal signal for free and rules-based trade... The German automotive industry is calling for immediate negotiations between the U.S. and the EU on a bilateral agreement."
UK'S SOCIETY OF MOTOR MANUFACTURERS AND TRADERS CEO MIKE HAWES "Today's announcement by President Trump is not surprising but, nevertheless, disappointing if, as seems likely, additional tariffs are to apply to UK-made cars ... Rather than imposing additional tariffs, we should explore ways in which opportunities for both British and American manufacturers can be created as part of a mutually beneficial relationship."
"I've been kind of suspect on all the tariff talks in terms of what is going to last, what is a negotiation, what is going to be pulled at the last minute. My initial reaction was this tariff might have some legs."
"There's probably going to be some exemptions or modifications for some of the U.S. automakers ... I could see the U.S. automakers getting some exemptions based on their supply chains. But I think he may want to see how this works out as opposed to stopping it in two or three days."
(Reporting by Andrea Shalal and
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