‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
0mins
Source: CNBC
Impact of Trump's Tariffs: President Trump's 25% tariffs on auto imports are expected to significantly affect global car brands, with Slovakia being particularly vulnerable due to its heavy reliance on U.S. trade and automotive exports.
Economic Concerns for Slovakia: Economists warn that while Germany's car industry faces the most value exposure, Slovakia, known as the "Detroit of Europe," could experience the largest impact in terms of export volume, with over 73% of its exports to the U.S. consisting of cars and parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
