Price hikes, layoffs and import fees: How car giants are reacting to Trump's tariffs
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant.Picture Alliance | Picture Alliance | Getty ImagesAuto giants have responded to U.S. President Donald Trump's tariffs by announcing plans to raise prices, impose import fees, pause production and even layoff staff.As part of plans designed to shift production to U.S. factories and bolster American jobs, the Trump administration on Thursday introduced 25% tariffs on foreign auto imports. The White House also said it intends to place ...