Trump’s 25% Tariff Hands China the Car Industry: David Fickling

If you had a vision of the future where the global car industry wasn’t dominated by China, you can kiss those dreams goodbye.

That’s because President Donald Trump’s promised 25% tariff on auto imports, announced late Wednesday Washington time, takes an ax to the only bits of the emerging electric vehicle supply chain that aren’t already dominated by Beijing.

The biggest losers when the levies take effect next week will be Japan and South Korea. They account for a third of the cars imported into the US, and as much as two-thirds of those imported from outside North America. (Mexico and Canada, while ...