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.
Category: International Trade and World Market
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
U.K. Boosts Military Spending and Cuts Welfare in ‘Uncertain World’
The changes come as President Trump’s tariff threats have disrupted global trade and added pressure to the British government’s already strained budget.
-
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.
-
Trump Trade Policies and Federal Cuts Shake Consumer Confidence
The level in the Conference Board’s latest monthly survey was the lowest since January 2021.
-
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.