US first-quarter auto sales get a lift from looming Trump tariffs
- March auto sales increased by 13% compared to the previous year, as buyers rushed to avoid new tariffs from President Donald Trump.
- President Donald Trump announced a 25% tariff on imported vehicles starting on April 3, which could raise car prices significantly.
- GM reported a 17% rise in first-quarter sales, totaling 693,000 vehicles, while Ford's first-quarter sales fell 1% to about 500,000 vehicles.
- Automakers, including GM and Ford, are lobbying for tariff exemptions on certain parts to avoid escalating production costs, which could lead to layoffs and reduced demand.
199 Articles
199 Articles
Winnipeg dealerships see spike in vehicle sales ahead of U.S. auto tariffs
A Winnipeg auto dealer and an industry expert both say there's been a surge in demand for vehicles ahead of U.S. President Donald Trump's Wednesday announcement that sweeping tariffs, including a 25 per cent levy on the Canadian automotive sector, are coming into effect.
Kristersson: Regrets US tariffs – but Sweden is prepared
In a post on X, Prime Minister Ulf Kristersson (M) calls the US tariff decision deeply regrettable. Minister of Foreign Trade Benjamin Dousa believes that “the US is greatly escalating the situation.” At the same time, the Prime Minister claims that Sweden is prepared.
How one of the largest auto suppliers in the world is preparing for Trump’s tariffs
Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna MG.TO reflected on how he is trying to "control the uncontrollable" in the midst of industry-shaking tariffs.
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