Tag: automotive tariffs
Trump imposes 25% tariff on imported cars, sparking global trade dispute
Updated 3/27/25 at 08:25 am
President Donald Trump announced a 25% tariff on imported cars and light trucks starting April 2, escalating global trade tensions...
Auto industry tariffs face 50% risk of extended disruption, S&P Global...
The auto industry is bracing for possible disruptions as S&P Global Mobility warns that the ongoing global tariff war now has a 50% chance...
Trump, Barra discuss $60B investment amid tariff uncertainty
President Donald Trump met with General Motors (GM) CEO Mary Barra on March 12 to discuss the automaker’s investment plans as the president’s administration...
BMW faces profit pressure amid China challenges and rising tariffs
BMW anticipates a slight sales growth in 2025 but warns that earnings will remain flat due to ongoing economic challenges in China and rising...
U.S. reevaluates USMCA tariffs as Mexico gets temporary relief
President Trump has announced a temporary suspension of new tariffs on Canadian and Mexican goods covered under the U.S.-Mexico-Canada Agreement (USMCA). The pause, effective until April...
Trump’s tariffs update: Triggering global retaliation
At midnight, President Donald Trump implemented broad new tariffs, imposing a 25% duty on imports from Canada and Mexico and doubling tariffs on Chinese...
GNYADA President Mark Schienberg talks 2025 industry challenges and New York...
As the automotive industry grapples with evolving regulations, direct sales concerns, and potential tariffs, the Greater New York Automobile Dealers Association (GNYADA) is working...
China imposes 10% additional tariff on U.S. as trade tensions persist
During the latest round of tariffs on U.S. imports, China's took effect on Monday, imposing an additional 10% duty on vehicles with engines larger...
VW considers U.S. production for Porsche, Audi EVs amid tariff threats
Volkswagen is considering relocating the production of its Porsche and Audi electric vehicles (EVs) to the United States in response to potential new tariffs...