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President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
The uncertainty around tariffs still weighs heavily on the automotive industry as a whole, including the aftermarket. The ...
The Trump tariff tsunami is about to hit the economy in ways most of us cannot imagine. Wall Street was bracing for a rough day in trading last Thursday, as traders digested sweeping tariffs announced ...
WASHINGTON ― President Donald Trump said he's considering temporary exemptions from his 25% tariffs on the auto industry to give car companies more time to transition to manufacturing in the U.S.
A coalition of U.S. auto industry groups on Tuesday urged President Donald Trump not to impose 25 per cent tariffs on imported auto parts, warning they would cut vehicle sales and raise prices.
Mr. Trump’s concessions were made after the U.S. auto industry lobbied for relief from the 25-per-cent tariffs, warning the levies will cause inflation, reduced demand for cars and job losses.
Until now, leaders in U.S. auto manufacturing have been mostly quiet in the face of the tariffs, which have been laid on imported automobiles since April 3.
Despite the on-off nature of President Donald Trump’s tariffs on U.S. trading partners, among those that still stand is the 25 percent import tax on imported vehicles that went into effect on April 3.
Auto stocks, including Ford (F), General Motors (GM), and Stellantis (STLA), are all under pressure as companies feel the weight of Trump's tariffs. Kevin Roberts, CarGurus director of industry ...
The auto industry employed just over 1 million workers in the U.S. in May, down more than 22,000 jobs from a year ago, according to data from the Bureau of Labor Statistics. Michigan had the largest ...
Tariffs on auto parts will hit no later than May 3. Mercedes-Benz vehicles sit parked, on the day U.S. President Donald Trump is set to announce new tariffs, at a dealership in Copiague, New York ...