In a move that could significantly escalate trade tensions between the US and the European Union, former President Donald Trump has threatened to impose 25% tariffs on EU auto imports. The potential tariffs, which would be the highest to date, come as the EU is already facing pressure from the US over subsidies for Airbus, a move that has led to a long-standing trade dispute. The tariffs would likely have a major impact on the US auto industry, with European automakers such as Volkswagen and BMW potentially feeling the brunt of the blow. Meanwhile, Ford has reportedly accelerated development of its secret $30,000 electric truck, with insiders suggesting that the vehicle could be unveiled as early as next year. The truck is expected to be a key player in Ford's push into the electric vehicle market, which is expected to be a major growth area in the coming years. In other automotive news, 14 Volkswagen dealers have come out in protest against the company's decision to sell its new Scout brand directly to consumers, bypassing traditional dealership networks. The move is part of a growing trend in the industry towards direct-to-consumer sales, but has been met with resistance from some dealers who are concerned about the impact on their business.
Weekly roundup: Trump threatens 25% tariffs on EU auto imports, Ford accelerates secret $30K EV truck, 14 VW dealers protest Scout's direct sales approach CBT News
