automakers
Trump tariffs live updates: Automakers poised for reprieve as Bessent, Lutnick tout deal progress 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 . . .
FRANKFURT, Germany (AP) — Whatever domestic economic gain comes from U.S. President Donald Trump’s new 25% tax on imported cars – and experts are skeptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest automakers employ millions of people whose […]
Before the election, Toyota Motor and other Japanese automakers thought a second Trump administration could be good for them. President Trump had campaigned on dismantling policies aimed at swiftly accelerating the U.S. auto industry’s shift away from fossil fuels and to electric vehicles — directives that Toyota and other leading manufacturers of gasoline and hybrid […]
President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March 4, White House press secretary Karoline Leavitt said on Wednesday. The announcement comes after Mr. Trump spoke with leaders of the so-called Big Three automakers — Ford, General Motors and Stellantis, the parent company of […]
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, as worries persist that the newly launched trade war could crush domestic manufacturing. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford . . .
President Donald Trump continued to send mixed signals about his tariffs plans Wednesday — granting U.S. automakers a one-month reprieve on new 25% duties imposed on Canada and Mexico, while continuing to deem Canada’s efforts to tackle drug and migrant flows insufficient. In posts on his Truth Social platform, the president said that after speaking with […]
President Trump’s tariffs on U.S. imports from Canada and Mexico could lead to higher domestic vehicle prices and dent profit margins for automakers, according to industry analysts. The average $25,000 price of a car imported from Mexico or Canada could jump $6,250 if the tariffs take effect, according to an analysis by S&P Global Mobility. […]
Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make a delicate request of President-elect Donald J. Trump: Don’t scrap the federal regulations that compel the industry to sell electric vehicles. The conversation would require diplomatic finesse. Mr. Trump has railed against the E.V. […]
Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state […]
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