America'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...
China 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...
President 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...
From 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...
A 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 ...
The 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...
Automaker 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...
Japan'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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