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How carmakers are becoming the biggest losers in Trump’s trade war

The so-called Big Three of Ford, GM and Stellantis say the new tariff regime will cost them a combined $7bn this year

Mike Musheinesh has been distributing low-cost car parts in the US since he began working at his father’s company at the age of 14.

But since April, Donald Trump’s trading policies have raised tariffs on the Chinese-made parts that they bring into the US via Mexico to 72.5 per cent.

The 45-year-old chief executive of Detroit Axel could not immediately find cheap American alternatives. With his family business at risk of going under, he is suing the Trump administration to lift the tariffs. 

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