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.
Posted inAutomobiles Canada Customs (Tariff) Factories and Manufacturing Germany Honda Motor Co Ltd Hyundai Motor Co International Trade and World Market Japan Mazda Motor Corp Mexico Nissan Motor Co South Korea Stellantis NV Subaru Toyota Motor Corp Trump, Donald J
Global Automakers React to Trump’s 25% Tariff on Imported Cars
Ignoring diplomatic efforts and investment pledges, President Trump said he would impose tariffs that are expected to deal a blow to American neighbors and allies in Asia.
Posted inAutomobiles Customs (Tariff) International Trade and World Market Protectionism (Trade) Trump, Donald J United States Economy United States Politics and Government
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.
Posted inAutomobiles Customs (Tariff) Electric and Hybrid Vehicles Factories and Manufacturing Ford Motor Co General Motors Hyundai Motor Co International Trade and World Market Prices (Fares, Fees and Rates) Tesla Motors Inc United States International Relations United States Politics and Government Volkswagen AG
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.