Industry trends automotive : US tariffs, geopolitics and lower demand trigger a contraction in 2026 global automotive production

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      <subfield code="a">It expect global motor vehicles and parts production to grow by 1.6% in 2025, followed by a 1.2% contraction in 2026. This decrease is partly due to the 15% import tariffs the US has imposed on its major automotive trading partners.However, businesses should expect continued volatility given the one-year timeframe and lack of a formally signed agreement.Currently electric vehicle sales are facing headwinds in the US, as the government has rolled back EV tax credits</subfield>
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