If America wants to see how successful tariffs can be in the automotive industry, they should look to Ukraine, where they were first implemented in the early 1990s. The goal was to protect domestic car producers after the collapse of the USSR, which saw an economic crisis followed by an influx of foreign vehicles. “In the best years, the Ukrainian car market had 623,000 new cars and was Europe's No. 7 car market, according to Autoconsulting,” @timkmak’s Counteroffensive reports. “Today, it is almost zero.” The only hope for the resurrection of production? Making tanks for Ukraine’s army.
https://www.counteroffensive.news/p/tariffs-destroyed-ukraines-automotive
#Tariffs #AutomotiveIndustry #TrumpAdministration #Ukraine #Newstodon #NewstodonFriday #FollowFriday
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