US EditionAutomotive industry takes hit, as tariffs take effect
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Carolina Journal
Carolina Coast OnlineAutomotive industry takes hit, as tariffs take effect
As tariffs went into effect for multiple nations on August 7, the automotive industry is reporting an almost $12 billion hit in financial losses due to tariffs. According to a Thursday analysis from the Wall Street Journal (WSJ), import duties on the automotive industry totaled $11.8 billion. Automotive manufacturers report the losses from previously instituted tariffs, including a 25% tariff on the automotive industry and a 50% tariff on steel…
Since he vowed to be president of the United States (USA), Donald Trump has wooed to impose tariffs on virtually every country in the world. On several occasions he has used measures against the companies themselves, especially those in the automotive sector, to force them to establish production plants in the United States. For this reason, several economic and productive sectors expect negative results, from a decline in sales to an increase i…
All the repercussions of Trump's tariffs for Toyota, Ford and more
Here are the effects of Trump's tariffs on automakers. Numbers, insights, and scenarios. From the beginning of Donald Trump's tariff crusade, it was clear that one of the sectors most at risk would be the automotive industry . The White House is targeting the automotive industry, which would like greater investment in the US market, resulting in fewer imports and increased exports. This is particularly true for specific markets, such as Japan. A…
The tariffs announced by the President of the United States, Donald Trump, for which he intends to level his trade balance, have already entered into force and it is time to analyze what will be the real impact of them. In the case of the European Union, the charges amount to 15%, while in the specific case of Spain, our exports to the US country amount to 5%. For their part, the chemical, automotive or steel industries have already warned of th…
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