US EditionFord halts shipments of vehicles to China amid tariffs
122 Articles
122 Articles
Tariffs: Ford suspends vehicle exports to China
Ford Motor Company says it is pausing shipments of its SUVS, pick-up trucks and sports cars to China due to increasing challenges from the trade war and retaliatory tariffs. The tariffs, imposed on US-manufactured vehicles, have reportedly escalated to rates as high as 150%, creating significant barriers for American automakers operating in the Chinese market. Ford, in a statement released on Friday, acknowledged the impact of the current trade …
The U.S. manufacturer Ford Motor has stopped shipments of its vans and sports cars to China following President Donald Trump’s tariffs, the Wall Street Journal reported yesterday. Meanwhile, Volvo has a plan to fire 800 workers at three U.S. plants in the next three months.
The Chinese ambassador, citing President Xi Jinping's recent address to the leaders of the global trade world, focused on the fact that China has a huge investment potential. He said that with China being the world's second largest consumer market and the largest middle income category, it offers a huge potential for investment and consumption.
Automotive stocks: The effect of tariffs on shares of popular automakers
Audley C Bullock // Shutterstock Automotive stocks: The effect of tariffs on shares of popular automakers The Trump administration announced on March 26 a 25% tariff on imports of automobiles and certain automobile parts, aiming to bolster U.S. manufacturing and protect national security. Unsurprisingly, it sent shockwaves through the automotive industry and financial markets—consumers rushed to buy cars ahead of potential price hikes, and inves…
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