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Saturday May 3 2025

US duties lead to reduction in global car production

2 May 2025 18:22 (UTC+04:00)
US duties lead to reduction in global car production

The introduction of an additional 25 percent tariff on car imports into the United States could result in a 2 percent decline in global automobile production by 2025, according to projections by Nikkei, Japan’s leading economic newspaper, Azernews reports.

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