auto
Stock market today: Dow, S&P 500, Nasdaq futures drift higher as investor weigh promised auto tariff relief Yahoo Finance Source link
New York CNN — US Commerce Secretary Howard Lutnick appeared to confirm reporting on Monday that a deal has been reached with automakers to ease tariffs, in another potential policy reversal that could grant a major reprieve for a beleaguered industry. The . . .
Fear and anxiety are running high in Windsor, Ontario, after carmaker Stellantis announced it will temporarily shutdown its assembly plant in the Canadian border city next week as a result of US President Donald Trump’s auto tariffs. Derek Gungle, who is among the 4,500 people employed at the plant, says the temporary pause in operations […]
Trump tariffs live: Canada hits US auto sector amid trade war fears Al Jazeera Source link
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will . . .
Donald Trump live news: World leaders denounce new US auto tariffs Al Jazeera English Source link
WASHINGTON (AP) — President Donald Trump said he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters Wednesday. “We’ll effectively be charging a […]
Malaysian shares extended gains of the previous session to end in green on Thursday once more, despite the new US car tariffs. The benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 17.68 points to end 1.16% higher at 1,535.73. The day range was between 1,512.81 and 1,535.73. In corporate news, Cuckoo […]
Trump live news: US president set to announce auto tariffs Al Jazeera English Source link
DETROIT — President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry. If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck . . […]