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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 ...
That’s why a new round of auto tariffs – this time on parts – coming into effect Saturday could upend the industry, even more than previous levies on imported cars.
OTTAWA — Instead of bolstering the U.S. auto industry, protectionist tariffs will touch off a period of chaos, instability and rising prices, one American academic says. Advertisement 2.
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.
Trump's auto tariffs are now live — and they're causing major disruption for manufacturers. Automakers are scrambling to react, with one analyst describing them as "a debacle of epic proportions." ...
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 ...
Effects on the auto industry and the U.S. economy A 2023 report by the U.S. International Trade Commission found that the 2018 tariffs had led to a 24-percent decrease in steel imports, but also a ...
What began as a promising year for the North American auto industry is now being overshadowed by aggressive U.S. trade ...
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.
U.S. President Donald Trump has announced a sweeping trade agreement with Japan, heralded as one of the largest trade deals in history.
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