Hong Kong manufacturers at risk of job cuts, closure over Trump tariffs: experts

Trump tariffs and federal cuts end planned $300M Pa. plastics plant and its 300 jobs

A promised federal loan has not materialized and Trump's tariffs are expected to increase project costs, backers said.

Hong Kong manufacturers at risk of job cuts, closure over Trump tariffs: experts

Experts also say sweeping tariffs will create vicious cycle of reduced consumption and exporters struggling to survive demand drop.

Trump Tariffs Run Over Already-Desperate Car Industry; Higher Prices, Job Cuts, and Supplier Closures Baked In

The tariff situation has developed not necessarily to the advantage of the car industry.

The tariffs of 25% on steel and aluminum, plus the tariffs applied to auto parts that do not comply with the T-MEC, will lead to an upward spiral in the prices of automobiles in the United States. Gabriel Padilla Maya, president of the National Autoparts Industry (INA), announced. The increases could go from three to eight thousand dollars per unit, warned automotive industrialists of our country. “They could increase by three thousand dollars t…

NC expected to see higher insurance rates, car prices as a result of Trump’s tariffs

Those looking to buy a new car, insure their current vehicle, or pay for repairs in the coming weeks could be met with higher prices due to tariffs implemented by President Donald Trump.  Trump’s 25% tariff on all imported vehicles is set to go into effect in early April. The tariffs will also apply to key imported auto parts, including engines, powertrain parts, and electrical components. The move comes just weeks after Trump’s tariffs on impor…