The media reported the loss of more than €8 billion by European automakers due to US duties

European automakers have suffered losses of more than €8 billion due to the increase in import duties by the American leader Donald Trump. This was reported on May 11 by the Financial Times (FT) newspaper with reference to the heads of European car companies.

"In the year since Donald Trump raised import duties, European automakers have suffered losses of more than €8 billion due to customs duties, and the industry is preparing for a new escalation of the trade war with the United States," the publication says.

The news is being updated