On July 25th, local time, Volkswagen Group in Germany announced that President Trump’s tariff policies have caused the company approximately $1.5 billion in losses in the first half of 2025, with North American sales plummeting by 16%.
Furthermore, the company warned that “political uncertainty, expanding trade restrictions, and geopolitical tensions” would bring about further challenges. (Cao Jian)
Trump’s tariff policies impact the global economy.