The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the
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President Trump’s sweeping tariffs on automobiles drew a sharp reaction on Thursday from Germany, which called on the European Union to hit back with a “firm response” to measures that would “harm the U.S. and the E.U., and global trade as a whole.” Mr. Trump announced on Wednesday that he would impose a 25 percent
Germany has said it “will not give in” and that Europe must “respond firmly” as US President Donald Trump targets imported cars and car parts with a 25% tax in his latest tariffs. Other major world economies have vowed to retaliate, with France branding the move “very bad news”, Canada calling it a “direct attack”,
Shares in automakers around the world tumbled on Thursday after President Trump announced plans to impose a 25 percent tariff on imported cars and some parts beginning next week. Among the hardest hit were carmakers based in Germany, Japan and South Korea, which sell many of their cars in the United States and rely on
When President Trump imposed sweeping tariffs on China during his first term, few countries benefitted like China’s neighbor to the south, Vietnam. Its economy is now booming.
Last Updated:March 27, 2025, 08:38 IST Auto & auto parts makers like Tata Motors, Eicher, Sona BLW brace for Trump’s 25% tariff on foreign car imports, impacting margins. Global automakers are likely to pass on some of the price escalation to component makers, putting pressure on their margins Auto Stocks In Focus: Certain auto and
Last Updated:March 27, 2025, 08:26 IST India and the US held their first in-person meeting in New Delhi on Wednesday to hold negotiations on the trade agreement between the two countries as Trump’s April 2 deadline for tariffs looms. US President Donald Trump and PM Modi (Reuters Image) As the first in-person trade agreement negotiations
US President Donald Trump says he may cut tariffs on China to help seal a deal for short video app TikTok to be sold by its owner ByteDance. Trump also said he is willing to extend a 5 April deadline for a non-Chinese buyer of the platform to be found. In January, he delayed the
President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an