US EditionGlobal automakers say Trump’s tariffs will be painful for them and US consumers
- Global automakers are preparing for challenges due to President Donald Trump's 25% tax on imported cars, affecting millions employed worldwide.
- Experts predict that the tariffs may raise prices, with imported vehicles potentially costing up to $12,000 more.
- The tariffs threaten jobs and production in countries like Canada, Japan, South Korea, and Europe, where the auto industry is heavily dependent on U.S. Consumers.
- The Union representing Canadian auto workers criticized the tariffs and called for a strong response, while analysts note that the widespread negative effects could eventually dismantle the new tariff regime.
131 Articles
131 Articles
NewsNation
UpstractTrump tells automakers not to raise prices over tariff: Official
(NewsNation) — President Donald Trump has instructed U.S. automakers not to raise car prices in response to tariffs for cars not made in the United States that are set to take effect next week, a White House official told NewsNation. Automakers are free to decide whether to follow the president’s guidance, the official said. How Trump's auto tariffs could yield surge in used car sales, prices Trump announced earlier this week that his admi…
German automakers face billions of dollars of damage from US tariffs
US President Trump has announced tariffs of 25 percent on car imports to the US. German automakers are facing billions of losses - negotiations and production relocations are likely to help only partially.
The Daily Gazette
Cars under $30,000 risk becoming a casualty of Trump’s tariffs
Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher. President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive…
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