auto tariffs

Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington. What Happened: "We have repeatedly explained to the U.S. that Japan's automobile...

Toyota Motor Corp. (NYSE:TM) will implement a price hike on certain vehicles sold in the United States by more than $200 beginning next month. What Happened: Some models under the Toyota and Lexus brands will see price increases averaging $270 and $208, respectively, as stated by Nobu Sunaga, a...

President Donald Trump is set to meet with Japanese Prime Minister Shigeru Ishiba over the Trump administration's sweeping auto tariffs that have rocked the global auto industry with uncertainty. What Happened: Ishiba will head to the G7 summit in Canada's Alberta province, following talks between...

President Donald Trump says he may hike auto tariffs again in a bid to boost production in the U.S. What Happened: "I might go up with that tariff in the not too distant future. The higher you go, the more likely it is they build a plant here,” Trump said during a press event at the White...

President Donald Trump has been dealt a significant blow to his trade policies, with a federal court ruling against his authority to impose global tariffs. However, the president is likely to find a workaround to this setback. What Happened: Goldman Sachs economists believe that the court’s...

A consortium including General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis (NYSE:STLA) has voiced criticism over President Donald Trump‘s latest trade agreement with the United Kingdom. The group fears the deal could harm the U.S. auto industry. What Happened...

Ford Motor Co. (NYSE:F) will reportedly hike the sticker prices of some of the company's vehicles produced in Mexico. What Happened: Prices of Ford models like the Mustang Mach-E, Bronco Sport, as well as the Maverick pickup truck, could see a price hike of up to $2,000, Reuters reported on...

General Motors Co. (NYSE:GM) CEO Mary Barra says that U.S. President Donald Trump's tariffs on the automotive industry will cost the company over $5 billion, but assures that GM’s pricing will remain the same. What Happened: The company expects a tariff exposure of anywhere between “$4...

Amid escalating trade tensions between the U.S. and China, tech bull Dan Ives thinks the time is "ticking" for trade deals as Wall Street reels from the aftermath of a tug-of-war between the world's top two economies. What Happened: Nvidia Corp. (NASDAQ:NVDA) finds itself at the center of a...

Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) are at high risk for receiving negative ratings from ratings agency S&P amid the uncertainty surrounding the Trump administration's auto tariffs. What Happened: The ratings agency released a report on Monday, first noted on Bloomberg,...

Tariffs on fully assembled cars and auto parts are poised to drive up both vehicle prices and repair costs. As insurers face rising claim payouts, policyholders can expect to shoulder the burden through higher premiums. Most experts agree it's only a matter of time before customers see these...

US President Donald Trump has been on the receiving end of criticism from Michigan auto and business groups as tariffs on automotive imports remain in effect. What happened: The Trump administration announced a 90-day halt on multiple tariffs imposed on various US trade partners. The tariffs had...

In the lead-up to ‘Liberation Day’, car dealerships in the US are seeing a spike in footfalls, as consumers race to book their new vehicles to avoid the post-tariff sticker shock that, according to some estimates, could reach as high as $10,000 to $15,000 even for mid-range cars. What...

Leading analysts are not mincing their words for US President Donald Trump’s new 25% tariff on all imported cars and car parts. While the markets have made their stance clear on this, with the S&P 500, Nasdaq, and the Dow witnessing consecutive weekly declines, there is reason to believe...

Ferrari N.V. (NYSE:RACE) shares saw a positive uptick on Thursday following the company’s announcement regarding new commercial policies. The luxury automaker is adjusting its pricing strategy in light of upcoming import tariffs on EU cars entering the U.S. market, a measure announced by...