US EditionUS auto industry could be collateral damage in Trump’s trade wars
- President Donald Trump's new tariffs on Canada and Mexico could lead car prices to rise by up to $12,000, according to an analysis by the Anderson Economic Group.
- The U.S. auto industry faces increased manufacturing costs, with vehicles made in Mexico and Canada potentially seeing hikes of $8,000 to $12,000 due to tariffs.
- Auto manufacturers are urging for stable tariff policies, as the uncertainties could decrease vehicle sales significantly, as noted by the CEO of Anderson Economic Group.
- Automakers expressed concern about the impact on sales and have called for clarity on tariff policies and vehicle emissions rules to guide future investments and production adjustments.
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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