Trump, tariff
Digest more
Top News
Overview
Impacts
Forbes |
Prices will likely increase on products sold by U.S.-based companies as they pay taxes on imported foreign goods, though it’s not immediately clear which prices would be directly impacted or how each...
USA Today |
Donald Trump’s 25% tariff on U.S. auto imports kicks in Thursday, and the levies look set to upend the industry.
SFGate |
French President Emmanuel Macron urged businesses to “suspend” investments in the U.S. pending talks with the Trump administration, denouncing a “brutal and unfounded” decision.
Read more on News Digest
50m
DPA International on MSNCanada slaps tariffs on some cars from US as Mexico eyes workaroundCanada is responding to US President Donald Trump's trade war by imposing countertariffs on certain vehicle imports from the United States. Ottawa will impose a 25% import fee on all cars not produced under the North American Trade Pact USMCA,
Shares of Hertz and Avis soared when tariffs on cars were announced last week, but they’re falling now amid worries about a broader bear market and recession.
Analysts estimate President Trump’s auto tariffs could raise the cost of a vehicle by thousands of dollars. Ballpark calculations based on current monthly auto-loan payments and an average American’s income show how that would test U.
And while most of the vehicles Ford makes are at US plants that won’t immediately be subject to tariffs, some of the automaker’s hottest sellers in the quarter are produced outside the United States.
Volkswagen will introduce an "import fee" on vehicles affected by 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday. The German automaker has temporarily halted rail shipments of vehicles from Mexico and will hold at port cars arriving by ship from Europe,
Explore more
With vehicle prices expected to rise sharply as a result of Trump's auto tariffs, many consumers are rushing to make purchases before the tariffs take effect.
MILAN (Reuters) - President Donald Trump's new tariffs will also apply to Ferrari cars ordered months ago but still not delivered to the United States, a spokesperson for the Italian luxury automaker said on Thursday.
US stock futures plunged after President Donald Trump announced 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order. Macer Gifford, who fought in Ukraine for two years, told BI about the inspiring — and sometimes troubled — international volunteers he'd seen there.