Sat, 23 Nov 2024 00:39:26 GMT (1732322366934)
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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
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
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
6 years ago
Experts say auto tariffs would raise prices, cost jobsEvery workday, about 7,400 trucks mostly loaded with automotive parts rumble across the Ambassador Bridge connecting Detroit and Canada, at times snarling traffic along the busy corridor.But if President Donald Trump delivers on threats to slap 25 percent
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