Thu, 07 Nov 2024 22:54:25 GMT (1731020065948)
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6 years ago
US automakers to Trump: Don't slap tariffs on imported carsAmerica's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the...
6 years ago
China to temporarily cut on tariffs for US-made carsChina confirmed it will cut tariffs on American-built cars as part of a ceasefire temporary agreement in the ongoing trade war between the two countries. The country's Ministry of Finance said Friday that the temporary reductions will take effect on...
6 years ago
Trump, German auto executives meet at White HousePresident Donald Trump and executives from Germany's biggest automakers discussed the companies' investments in the U. S. on Tuesday as trade tensions with the Europeans and Trump's threat to impose tariffs on foreign cars sold here loomed overhead. Trump "shared...
6 years ago
More US corporate giants warn tariffs will mean price hikesFrom Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump's tariffs on U. S. imports are raising their costs and prices. Jim Hackett, CEO of Ford, the second-largest U...
6 years ago
Tariffs force some automakers to dim earnings outlookA Trump administration-led trade war with China and U.S. tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting General Motors to slash its outlook and, among other factors, cutting into Ford Motor Co.'s earnings.GM cited ...
6 years ago
Auto industry urges US to hit brakes on proposed car tariffsThe U.S. Commerce Department sought feedback on President Donald Trump's plans to consider taxing auto imports. It got an earful at an all-day hearing Thursday.Critics lined up to urge the administration to reject auto tariffs. They argued that the taxes...
6 years ago
BMW: Tariffs mean higher prices in China for US-made SUVsAutomaker BMW says it will have to raise prices on the U.S.-built SUVs it sells in China due to higher tariffs.China raised the import tax on cars from the United States to 40 percent in retaliation for higher tariffs on...
6 years ago
Japan to US: Auto tariff would damage US, world economyJapan's government warned in a report Friday that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S
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