European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said.

US-Europe ties are suffering a historic breakdown, and a trade war is being set into motion that threatens unprecedented attacks on workers in America, Europe and internationally.

Global markets and businesses were thrown into disarray by U.S. President Donald Trump’s tariff announcements on Thursday.

The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs.

The European association of automotive suppliers (CLEPA) on Thursday called on policymakers in Europe to prioritise finding solutions over trade barriers after U.S. President Donald Trump announced 25% tariffs on foreign-made vehicles.

European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish

From smartphones to SUVs, prices on high end items could be going up due to the new tariffs on imported goods and materials.

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump's 25% tariffs on foreign auto imports came into effect. Analysts and economists said the relatively muted response from autos stocks could be partly attributed to an exemption for Canada and Mexico from Trump's highly anticipated "reciprocal" tariffs announcement.