US EditionUS auto industry could be collateral damage in Trump’s trade wars
- President Donald Trump's proposed 25% tariffs on imports from Canada and Mexico threaten over $300 billion in annual U.S. automotive trade and dramatically raise new car prices.
- Analysts estimate that these tariffs could decrease auto sales by 10.6% in the U.S. and 13.6% in Canada, threatening North American auto production.
- The tariffs are intended to address undocumented immigration and drug trafficking, according to Trump.
- Experts warn of severe economic impacts, with potential recessions in Canada and Mexico and stagnant growth in the U.S. as noted by Andrew Foran of TD Economics.
167 Articles
167 Articles
Planned US auto tariffs shake global industry as price hikes, job losses loom - Hawaii Tribune-Herald
BERLIN/DETROIT — The United States’ announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global vehicle suppliers warned of immediate price hikes and dealers raised fears of job losses in countries with a large car industry.
Ford's Lincoln Threatened By Tariffs
The Wall Street Journal ran an article about which car models sold in the US faced the most significant risk of higher manufacturing costs because of tariffs. Most models on the list were built by German and Chinese companies. An exception was Ford’s (NYSE: F) Lincoln Nautilus, which was made in China. According to the paper, the model’s sales bring about one-third of Lincoln’s total. Lincoln is already in trouble because it has a tiny part of t…
Automakers scramble for options in negotiations with Trump as tariff deadline nears
Behind-the-scenes efforts by Detroit’s automakers to avert President Donald Trump’s vow to levy 25% tariffs on vehicles and parts from Canada and Mexico next month haven't subsided, according to two sources familiar with the situation.
Auto industry potentially faces massive production halt due to tariffs, firm says
The U.S. auto industry is facing the possibility of major interruptions in production as a result of the ongoing and escalating tariffs between the U.S. and some of its closest trading partners.
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