President Trump’s vow to hit the global automotive industry with new duties risks raising inflation and inflaming trade-war tensions.
Category: Automobiles
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Auto Stocks Tumble After Trump’s Tariffs Announcement
The U.S. levies are likely to disrupt the complex supply chains of major carmakers, hitting companies that export vehicles from Mexico, Canada Japan, South Korea and Germany.
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Trump Announces 25% Tariffs on Imported Cars and Car Parts
The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.
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Tariffs Could Give Tesla and Musk a Leg Up on Rivals
The company led by President Trump’s confidant Elon Musk builds all the cars it sells in the United States domestically and will be exempt from tariffs on finished vehicles.
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Stocks Slump Ahead of Trump’s Auto Tariffs
Carmakers’ declines extended in after-hours trading upon the news of 25% tariffs on imported vehicles. The drop reflected concerns about inflation.
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Trump’s Tariffs on Autos Would Hit Europe Hard
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.
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How Trump’s Auto Tariffs Could Affect Car Prices
Experts say tariffs could soon drive car prices up by several thousand dollars and limit production.
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Trump to Announce Tariffs on Foreign Cars
The president is expected to announce tariffs on foreign cars on Wednesday, a measure that could bring car factories to the United States but raise prices for consumers.
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Hyundai to Invest $21 Billion in US in Bid to Avoid Trump’s Tariffs
Hyundai already makes cars in the United States, in Georgia and Alabama.
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Trump’s Car Tariffs Worry Toyota and Japan’s Automakers
Japanese automakers, initially optimistic about some of President Trump’s policies, are reckoning with potentially devastating U.S. taxes on foreign-made cars.
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Tesla Wins California Permit to Begin Offering Rides
The limited regulatory approval is an early step toward Elon Musk’s goal of offering a Tesla self-driving taxi service.