US Car Tariffs Threaten Recession, Industry Warns

UK car industry chief Mike Hawes warns that new 25% US tariffs could severely impact manufacturers, raising prices for American consumers and depressing demand. He said the tariffs, alongside existing 10% global levies, risk fuelling inflation and recession. Hawes urged the UK government to secure a deal to protect the sector. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn