June 26, 2025
The developments helped ease some investor worries about the erratic trade policies of Trump
"President Trump is building an important partnership with both the domestic automakers and our great American workers," Commerce Secretary Howard Lutnick said in a statement
Trump opened another front in a global trade war by slapping 25% secondary tariffs on any country that buys oil or gas from Venezuela
The recall affects certain 2021-2023 ID.4, 2022-2023 Audi Q4 e-Tron, and Q4 e-Tron Sportback vehicles
Trump told reporters that sectoral tariffs on pharmaceuticals and semiconductor chips would also start at "25% or higher, and it will go very substantially higher over the course of a year"
