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Trump imposes 25% tariff on all steel, aluminum imports

Effective today, March 12, the United States will impose a 25% tariff on all steel and aluminum imports under the second round of President Donald Trump's trade policy. Steel and aluminum imports have faced tariffs since Trump's first term in office. The initial tariffs included a 25% levy on steel and 10% on aluminum, as well as exemptions and alternative agreements. Canada and Mexico, two of the U.S.'s largest trade partners, were previously granted full exemptions. However, these exemptions expired today, and the base aluminum tariff has risen to 25%. Sign up for CBT News’ daily newsletter and get the latest industry...

Volkswagen reports 15% profit drop amid rising costs and restructuring

German auto giant Volkswagen reported a 15% decline in annual operating profit year-over-year, citing rising costs and expenses related to its ongoing restructuring efforts....

Waymo expands robotaxi service to cover Silicon Valley

Waymo announced that it's expanding its service by 27 square miles around the San Francisco Bay Area. The expansion will now cover parts of...

New vehicle prices rise slightly in February as EV incentives hit record high

According to Cox Automotive's Kelley Blue Book, new vehicle prices remained elevated in February, with the average transaction price (ATP) reaching $48,039, a 1.0%...
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