Trump's auto tariffs to cover more than $460 billion of US vehicle, parts imports
- Trump's 25% tariff on imported cars began on April 3, impacting vehicle prices overall.
- Goldman Sachs estimates that foreign-made cars may see price increases between $5,000 and $15,000 due to the tariffs.
- Ford plans to lower car prices temporarily to encourage sales as consumers rush to buy before the tariff impact.
- Consumers are purchasing vehicles now to avoid future price hikes, indicating increased market anxiety.
155 Articles
155 Articles
South Korea set to inject $2 bil. in emergency aid for tariff-hit car industry
The Korean government plans to inject 3 trillion won ($2 billion) in emergency aid into the local car industry to cushion the blow from new 25 percent U.S. tariffs, officials said Sunday. The new tari...
Mountain Wheels: Futuristic Polestar 3 faces a challenging world
As I tried to see if any of the vehicles I’ve recently driven might escape the histrionics of this week’s “Liberation Day” 25% tariff-o-rama (think Monte Hall’s “Let’s Make a Deal,” with “Blow Up The Outside World” by Soundgarden as the soundtrack), I came up short. I thought the new, red-white-and-blue Chevrolet Tahoe might escape unscathed, but it’s loaded up with 37% Mexican-made parts. Even the very-American GMC Acadia Denali, built in the U…
Trump's auto tariffs sow fears of economic fallout and trade wars
The Trump administration's 25 percent global tariff on passenger vehicles took effect Thursday, escalating trade tensions and sparking immediate warnings of higher consumer prices, production halts and strained alliances.The tariffs, which apply to all
The effect of Trump's tariffs on the automobile: a missile for Japan, Korea and Germany, but limited effect on Spain
The automobile industry has been facing one challenge after another for the past five years. In addition to the already past shortage of microchips and post-Covid-19 components, competition with China, the switch to the electric vehicle and the demands to reduce emissions, it has already been added to the levy of 25% tariff on all vehicles imported to the United States by Donald Trump’s trade war against the world. The effect of these tariffs, w…
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