The scale of the damage depends on the circumstances of each company’s supply chain.
Category: International Trade and World Market
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Rattled by Trump, America’s Allies Shift to Defense Mode
The new auto tariffs are straining relations with U.S. allies and deepening doubts about America’s reliability as a partner.
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Germany Says Europe Must Respond to Trump’s Auto Tariffs
The United States is a crucial export market for the German auto industry, which is already suffering from weak sales and increased competition from China.
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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 Threatens Europe and Canada if They Band Together Against U.S.
In a late-night social media post, the president said he would impose “large scale” tariffs if Canada and the European Union allied to “do economic harm” to America.
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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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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.