FILE PHOTO: A logo of French automotive supplier Valeo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: A logo of French automotive supplier Valeo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
Business & Economy

Valeo to raise prices as a result of Trump's 25% tariffs on car imports

PARIS (Reuters) – Valeo will not be able to absorb Trump’s 25% tariffs on car imports to the United States, a spokesperson for the French automotive supplier said on Thursday.

“We will have to raise prices as a result,” the spokesperson said.

(Reporting by Gilles Guillaume; Writing by Gianluca Lo Nostro; Editing by Benoit Van Overstraeten)

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