President Donald Trump has set a July 4 deadline for the European Union to meet its trade deal commitments. If the EU fails to comply, the US threatens much higher tariffs on a wide range of EU goods, including cars. Ursula von der Leyen said discussions are underway and the EU remains committed to implementing the deal.
Chinese automakers are moving fast by selling low cost, high tech cars in Mexico near the US border. As a result, Americans are reportedly crossing just to buy these vehicles, drawn by features and prices they cannot find at home. The trend raises questions about supply chains, eligibility, and whether the US market will respond.
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