Trump, tariffs and auto industry
Digest more
Top News
Impacts
Yahoo |
President Trump then told media aboard Air Force One: “I don't want anything to go down, but sometimes you have to take medicine to fix something.”
Boston.com |
Analysts said they expect other British carmakers to follow suit as the increased tariffs heap more pressure on an industry that is already struggling with declining demand at home and the need to re...
Read more on News Digest
President Trump placed a 25% tariff on imported cars. How can buyers determine if the vehicle they want comes with a big or small tariff?
"We have automobile plants being built at levels we've never seen anything like it, and they're going up fast," Trump said March 26. Is it true?
Don Herring owns the Don Herring Mitsubishi dealerships in Plano and Irving and serves as Chairman of the North Texas Automobile Dealers Association.
3don MSN
N.Y., called out the UAW union on Friday for praising President Donald Trump’s tariffs on foreign automobiles and parts.
President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,
U.S. President Donald Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.
Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.
President Donald Trump’s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry will play out over the months,
3don MSN
Cruz said that a Big 3 automaker told him that the average price of their cars would increase by $4,500 beginning in June.
Trump had already decoupled auto imports from a series of reciprocal tariffs he is widely expected to announce next Wednesday, on April 2, a day he has referred to as "liberation day." As part of those tariffs, he is expected to raise import tariffs to match those levied against U.S. exports to those countries.
A new report indicates that US and Canadian auto sales could decrease by 1.8 million units this year and remain stalled over the next decade if an international trade war intensifies following President Trump’s tariffs,