Trump, auto tariffs and Americans
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CNN |
Prices are already near record levels, with a new car costing nearly $50,000 on average. That is likely to go higher in the weeks and months ahead, making it much more difficult for afford the cars t...
Reuters |
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
Associated Press |
Trump’s previously announced 25% tariffs on auto imports took effect Thursday.
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President Trump’s tariffs are hitting the auto industry in multiple ways, creating havoc for both car companies and buyers trying to assess the impact.
Multiple automakers reported a surge in sales during March as shoppers rushed to dealerships to score a deal before tariffs took effect. But how long the boost will last remains to be seen once
Ford Motor Company has launched a new advertising campaign called "From America, For America" in direct response to the costly new tariffs on autos and parts.
Auto workers expressed uncertainty and hope outside a Stellantis assembly plant in central Mexico that is scheduled to begin a month-long pause in production.
Some automakers impacted by President Trump's tariffs began issuing employee discounts to the general public to drive sales amid the uncertain economic environment.
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Stellantis NV is offering employee-discount pricing across its brands as the maker of Jeep and Ram vehicles seeks to lure buyers into its showrooms after President Donald Trump’s tariffs sparked fears of rising car prices.
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
Prime Minister Mark Carney of Canada has announced reciprocal tariffs on U.S.-made vehicles as President Donald Trump's sweeping tariffs went into effect, sending shockwaves through the global financial system.
Mexico has dodged what the White House called “reciprocal” tariffs on dozens of trading partners around the world. But president Claudia Sheinbaum said talks were still ongoing with the U.S. after some auto workers voiced uncertainty as a major assembly plant in central Mexico announced that it was scheduled to begin a month-long pause in production as it assesses the potential impact of the latest tariffs on its operations.