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Automakers brace for higher costs as steel and aluminum tariffs kick in

A worker manipulates a block of aluminum in a French smelter in 2022. President Trump has increased tariffs on imported aluminum from 10% to 25%, while also removing exceptions from tariffs on steel. Both metals are crucial raw materials for the automotive sector. (Getty Images Europe)
A worker manipulates a block of aluminum in a French smelter in 2022. President Trump has increased tariffs on imported aluminum from 10% to 25%, while also removing exceptions from tariffs on steel. Both metals are crucial raw materials for the automotive sector. (Getty Images Europe)

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