US EditionWhy automakers’ short reprieve from tariffs isn’t enough to weather Trump’s escalating trade war
- President Donald Trump granted a one-month exemption from 25% tariffs on vehicles and auto parts after discussions with automakers Ford, General Motors, and Stellantis, according to the White House.
- A survey showed that 82 percent of automotive suppliers expect Trump's tariffs to negatively impact their businesses, reported the Detroit Free Press.
- White House Press Secretary Karoline Leavitt mentioned Trump's directive for companies to start investing and shifting production domestically.
- Automakers face high uncertainty regarding tariffs, which could disrupt the industry and impact stock prices and vehicle costs, noted Sam Fiorani, an analyst at AutoForecast Solutions.
35 Articles
35 Articles
Trump Tariff Trade War: ‘A real misunderstanding ...about what creates economic growth.’
The American economy is experiencing whiplash in the wake of Donald Trump's flip flop on tariffs for Canada, China and Mexico. Katie Phang and Heather Boushey break down what that means for the American people.
Volkswagen has announced that its cars made in North America will likely avoid the Trump administration's 25% tariffs on imports from Mexico and Canada. In return, automakers like BMX could pay the duties...
To Tariff Or Not To Tariff?
To Tariff Or Not To Tariff? Via SchiffGold.com, First there was the first Trump trade war, which appeared to end before it began. Now, a dizzying Round Two has begun of the Trump tariff saga, and it isn’t clear what concessions will be made. But there is a common denominator: things change quickly under a Trump administration, with a rapid-fire news cycle and manic-depressive markets struggling to keep up with the latest announcement. Whether …
Donald Trump is making a mistake in the tariff issue and will inevitably be held back by reality, says Maréchal.
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