Trump’s new tariff wall against foreign cars doesn’t just impact the car market – it also puts cracks in Danish pension savings.
An American decision can have consequences for your future.
Trump’s "Liberation Day" – A New Era for American Trade Policy
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Today, on April 2nd, Donald Trump marks what he calls "Liberation Day" with a sweeping shift in U.S. trade policy.
The most significant measure is a new tariff on imported cars and trucks, which will only be exempt if they are manufactured on American soil.
Tariffs on Imported Cars in the U.S.
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The new tariff policy means that cars and trucks not manufactured in the U.S. will be subject to high import duties.
According to Trump, manufacturers with existing factories in the U.S. will not be affected by the measure.
The executive order is being signed today and will take effect immediately.
Rising Car Prices in the U.S.
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Analysts estimate that consumers in the U.S. could end up paying between $3,000 and $6,000 more for a car.
The main reason is rising production costs, which, according to the think tank Anderson Economic Group, could reach between $3,500 and $12,000 per vehicle.
This will have direct consequences for both dealers and car buyers.
Trump’s Future Tariff Plans
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Beyond the auto industry, Trump is now setting his sights on other sectors as well.
At the press conference, he revealed plans for future tariffs on both pharmaceutical companies and lumber.
According to Trump, these measures are intended to generate massive growth in American industry and strengthen domestic production.
Major Economic Consequences
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Trump estimates that the tariff on imported cars will generate around $100 billion in annual revenue for the U.S. government.
At the same time, he is trying to reassure investors after stock market declines following the tariff announcement, assuring that the markets will stabilize quickly.
Tesla is mentioned as a company that won’t be affected, as it has large factories in both Texas and California.
The EU’s Response to U.S. Tariffs
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European Commission President Ursula von der Leyen is sharply critical of the new U.S. measures.
She describes tariffs as a tax that harms both businesses and consumers—not just in the EU, but also in the U.S.
The EU will assess how to respond to the new measures and makes it clear that it intends to protect European interests.
Trade War with Far-Reaching Consequences
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Donald Trump’s policy marks a new and more confrontational approach to international trade.
While the goal is to protect American industry, the consequences are already evident—not only in the U.S., but also in Europe.
Consumers, businesses, and investors now face a period of increased uncertainty and economic turmoil.
