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A Ford Mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Ford reported a 65 percent drop in first-quarter profits May 5, 2025, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. [AFP]
The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war.
The European Commission said it would, in parallel, file a complaint with the World Trade Organization (WTO) over Trump's imposition of swingeing tariffs against the bloc.
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