Carmakers’ declines extended in after-hours trading upon the news of 25% tariffs on imported vehicles. The drop reflected concerns about inflation.
Category: Customs (Tariff)
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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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India Is on a Hiring Binge That Trump’s Tariffs Can’t Stop
An abundance of motivated young professionals is luring American businesses to base their global operations in Indian cities.
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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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US Exporters Vie to Shape Trump’s Reciprocal Tariffs Ahead of April 2
Makers of a vast array of American products are weighing the risks, and potential payoffs, of the sweeping tariffs the president has promised on April 2.
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A Montana Senator Seeks to Be Trump’s Voice in Beijing
Senator Steve Daines said in an interview that in meetings with Chinese officials, he called for talks between President Trump and China’s leader, Xi Jinping.
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China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.
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Why the Fed’s Job May Get a Lot More Difficult
President Trump’s plans risk stoking inflation and denting growth, an undesirable combination that economists warn could lead to much tougher trade-offs for the central bank.
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Powell’s ‘Transitory’ Inflation Call Revives Memories of Pandemic
Investors cheered the Federal Reserve chair’s assessment. But some economists fear a case of déjà vu.