Trump Lifts EU Auto Tariff to 25% on Truth Social After Merz Iran Comments — ACAP Says Portugal's Direct Exposure Is Limited but Volkswagen Autoeuropa, Continental Lousado and the Component-Supplier Stack Hold the Indirect Channel
Trump's Truth Social post unilaterally lifts the EU auto tariff from the 15% July-2025 deal to 25% effective this week. ACAP says Portugal isn't directly exposed (most exports head to the EU) but flags the Volkswagen Autoeuropa, Continental Lousado and components stack to the global ripple.