• Thu, March 27, 2025

by: Council

Trump's Auto Tariffs and Other Headlines of the Day

Welcome to the Daily News Brief, CFR's flagship morning newsletter summarizing the top global news and analysis of the day. Subscribe to the Daily News Brief to receive it every weekday morning.Top

by: Fortune

Elon Musk warns effect from Trump tariffs is 'not trivial' for Tesla

Anywhere from 20% to 25% of a Tesla's value in dollar terms originates from components sourced in Mexico, according to official U.S. data.

by: Insider

Get set to pay more for a new car now Trump's tariffs are here

The 25% levy on all imported passenger vehicles and key components set to take effect next week is likely to add thousands to the price of new cars.

by: WTRF

West Virginia coal industry could see 'severe negative impacts' from China tariff: report

After being delayed several times, President Donald Trump's large tariffs on imports from Mexico, China and Canada are expected to take effect the first week of April, and according to a new

by: Newsweek

What Cars Are Made in America? Trump's 25% Auto Tariffs Explained

The White House expects the action to generate $100 billion in annual revenue and drive a resurgence in domestic automobile manufacturing.

by: InsideEVs

Trump Slaps 25% Tariffs On All Imported Cars

In an address from the Oval Office, Trump said the U.S. would impose new 25% tariffs on all vehicles imported from other countries on April 2. Roughly half of the approximately 16 million vehicles sold in America in 2024 were imported, according to S&P Global Mobility—primarily from Canada, Mexico, South Korea, Japan and Germany.

by: Reuters

European auto suppliers body calls for solutions, not tariffs

The European association of automotive suppliers (CLEPA) on Thursday called on policymakers in Europe to prioritise finding solutions over trade barriers after U.S. President Donald Trump announced 25% tariffs on foreign-made vehicles.

by: TMCnet

The SIM Card: The Unsung Hero Powering a Connected World

by: Overdrive

Kenworth sending off W900 with special Legacy Edition

Kenworth will produce 1,000 of the limited-edition W900 units, serialized from No. 1000 down to 0001. Also: Wabash's $462M "nuclear" verdict was reduced to $108M; more.

by: CNBC

CNBC Daily Open: Auto tariffs put markets in reverse gear

Trump's tariff announcements and, sometimes, walking back on the threats have sent markets on a rollercoaster ride.

by: AutoGuide

Which Automakers Make The Most Vehicles In America?

President Donald Trump's newly signed 25% tariff on imported vehicles will impact nearly every automaker selling cars in the United States, with foreign brands bearing the brunt—but domestic automakers like Ford,

by: Time

The U.S. Cities Most Vulnerable to Canadian Tariffs: Report

The ongoing trade war between the U.S. and its neighboring allies has escalated further after President Donald Trump announced Wednesday that he would be imposing a 25% tariff on auto imports. The act,

by: Reuters

Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so

As the global auto world reeled from the potential fallout of Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla .

by: Reuters

Trump auto tariffs take aim at a pillar of Asian economies - and national pride

For Japan and South Korea, tariffs announced by U.S. President Donald Trump represent a blow to domestic car industries that are both economic pillars and sources of national pride.

by: Reuters

Nissan's new CEO intends to slash its vehicle development time

Nissan plans to dramatically cut its car development time to boost its competitiveness, the struggling automaker's incoming CEO Ivan Espinosa said on Wednesday.

by: Reuters

Automakers and countries most vulnerable to US auto tariff increase

U.S. President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.

by: Reuters

Auto stocks slide as US tariffs spoil profit outlook

Worries about throttled global trade and a hit to auto industry profits sent shares of car makers tumbling and drove markets broadly weaker on Thursday after President Donald Trump put a wall of tariffs around the U.

by: Reuters

Trump uses 2019 national security probe to justify tariffs on auto imports

U.S. President Donald Trump on Wednesday announced25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country's industrial base and national security.
  • Fri, March 28, 2025

by: InsideEVs

'Armageddon': Trump's Tariffs Could Wreck The Car Industry, And Your Wallet

Auto experts sound alarm bells over Trump's tariffs, likening it to the "cubanization" of cars and a pandemic-style disruption for the industry.

by: Reuters

Fed's Barkin: Auto firms under tariffs will face tough choices on pricing, margins

Richmond Federal Reserve President Tom Barkin said he did not expect consumers to face the full brunt of the 25% tax the Trump administration has set on imported cars, but added firms will have difficult choices ahead on pricing and profit margins.

by: Insider

Trump's auto tariffs are likely to hit an emerging Asian auto hub, showing there are risks for investors everywhere

In Thailand — a key auto hub — exports will be affected by the tariffs, said Finance Minister Pichai Chunhavajira.

by: Reuters

US auto tariffs shake global industry as higher prices, job losses loom

U.S. President Donald Trump's announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries,
  • Fri, April 4, 2025

by: Reuters

Japan could lose $17 billion in car exports due to US tariffs, says UN trade agency

Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.

by: Yahoo

Senate passes Transportation budget that increases gas tax, funds major projects

Mar. 31—OLYMPIA — The Washington State Senate adopted a bipartisan transportation package on Saturday that would raise billions of dollars through higher gas taxes and some car registration ...

by: EconoTimes

Volkswagen Responds to U.S. Tariffs with Import Fees and Shipping Delays

Volkswagen is implementing new import fees on vehicles impacted by the 25% tariffs imposed by U.S. President Donald Trump, according to a report from the Wall Street Journal. The German automaker has also paused

by: Reuters

Automakers provide stable pricing for now, but warn of future hikes

Automakers are offering deals to anxious customers to ride a short-term surge in shopping, while also warning lawmakers that they will have to raise prices dramatically if tariffs remain in place for long.

by: Reuters

Automakers warn that Trump tariffs will hike vehicle prices as much as 25%

A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by U.S. President Donald Trump will lead to drastic price hikes.

by: Reuters

Stellantis to temporarily lay off 900 US workers as tariffs bite

Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump's tariffs were announced.

by: Reuters

Hyundai warns US dealers of possible price hikes amid 25% tariffs

South Korean automaker Hyundai warned U.S. dealers it is evaluating its pricing strategy in the face of forthcoming 25% tariffs on imported vehicles and parts announced by President Donald Trump.

by: Reuters

Trump's auto tariffs will lead to autoworker pain, two Michigan business groups say

Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply-chain disruptions and pain in the auto-heavy state.
  • Mon, April 7, 2025

by: Reuters

Volkswagen's Audi holding cars in U.S. ports due to autos tariff

Volkswagen's Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties.

by: Reuters

Tariffs will lead to 2 million fewer auto sales in US this year, auto advisory firm forecasts

U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts.
  • Sat, April 5, 2025

by: Forbes

Elon's Edsel: Tesla Cybertruck Is The Auto Industry's Biggest Flop In Decades

Elon Musk's polygonal pickup is a polarizing sales flop that's missed the billionaire's volume goal by a staggering 84%. And there's no sign that things are improving.
  • Tue, April 8, 2025

by: Reuters

Continental AG to focus on tire production, splitting off Conti-Tech division

Germany's Continental plans to turn its ContiTech rubber and plastics division into an independent entity, it said on Tuesday, setting the company up to be a pure-play tire maker after the planned spin-off of its automotive segment.

by: Reuters

Continental AG says it will separate rubber unit, likely put it up for sale

Germany's Continental AG on Tuesday said it would turn its ContiTech rubber and plastics division into an independent entity that would likely be put up for sale.
  • Wed, April 9, 2025

by: Forbes

CES 2025: Exploring The Future Of Driving And What It Means For Leaders

As the future of mobility is unfolding, the leaders in the electric mobility space have a unique opportunity to shape its trajectory.

by: Reuters

Trump does not pause 25% US auto tariffs, drawing criticism from Michigan business and auto groups

President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business and auto groups.
  • Thu, April 10, 2025

by: Forbes

Auto Suppliers Can't Make Sense Of Tariffs 'Moving Target'

Some small suppliers attending a trade show in Detroit said they're on edge because of Pres. Donald Trump's changing import tariff policies.

by: FleetOwner

How Trump tariffs are impacting trucking

When economy-shaking tax practices flip several times a month, it can be hard to follow. Here is the latest news on Trump's tariffs and how the trucking industry and

by: Reuters

Study finds Trump's 25% auto tariffs could cost US automakers $108 billion

A new analysis by the Center for Automotive Research has found that President Donald Trump's 25% auto tariffs imposed in early April will increase costs by about $108 billion for automakers in the U.S.

by: CNN

Red states could benefit as Trump's transportation secretary prioritizes funds based on birth and marriage rates

Now, in his new position in President Donald Trump's cabinet, Duffy is writing that philosophy into an unlikely area of federal policy: transportation funding. The day after he was sworn in as ...

by: Reuters

Auto suppliers Novares, Valeo demand upfront payment to cover tariff cost

French automotive suppliers Novares and Valeo are asking customers to cover the full cost of new U.S. duties upfront, company executives said, underlining the hit to global carmakers from President Donald Trump's tariffs on car imports.

by: Reuters

South Africa considering auto industry incentives as tariff buffer

South Africa is considering offering additional incentives to automakers to help cushion the impact of U.S. President Donald Trump's tariffs on cars, Trade, Industry and Competition Minister Parks Tau said on Thursday.
  • Sat, March 29, 2025

by: Top5

What Are the Common Issues with the 2016 Kia Sorento? A Comprehensive Overview

Kia Sorento issues, including reliability concerns and performance challenges. The post What Are the Common Issues with the 2016 Kia Sorento? A Comprehensive Overview appeared first on Top5.

by: CNN

Trump's tariffs could push up costs even if you're not buying a new car

President Donald Trump's auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too.
  • Sun, March 30, 2025

by: Reuters

Why Trump's auto tariffs will hurt his working-class supporters

Working-class car buyers will be the hardest hit by U.S. President Donald Trump's 25% tariff on imported vehicles because almost all low-cost new cars sold in the United States are built elsewhere.
  • Fri, April 11, 2025

by: Forbes

Trump Imposes 25% Tariff On Autos: The Immediate Impact Is Negligible

The announced tariffs could significantly increase costs. But Trump has wiggle room. Vehicles will remain tariff-free until Customs establishes a new process.
  • Sun, April 6, 2025

by: Reuters

Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports

Volkswagen will introduce an "import fee" on vehicles affected by 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.

Trump uses 2019 national security probe to justify tariffs on auto imports

U.S. President Donald Trump on Wednesday announced25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country's industrial base and national security.
The article discusses former President Donald Trump's justification for imposing tariffs on auto imports, citing a 2019 national security investigation under Section 232 of the Trade Expansion Act. Trump argued that these tariffs were necessary to protect U.S. national security by ensuring the domestic auto industry's health, which he deemed critical for national defense. The investigation, initiated during his administration, concluded that imports of automobiles and automotive parts threatened to impair national security by weakening the U.S. industrial base. Although Trump did not enact these tariffs before leaving office, he has recently used this investigation to support his stance on trade protectionism, especially in light of ongoing trade tensions with countries like China and the European Union. The article also mentions that President Joe Biden has not yet acted on the recommendations from the investigation, leaving the potential for these tariffs still in limbo.

Read the Full Reuters Article at:
https://www.msn.com/en-ca/money/topstories/trump-uses-2019-national-security-probe-to-justify-tariffs-on-auto-imports/ar-AA1BJgR5