The U.S. government said Wednesday that it will impose 25% tariffs on automobile imports on April 3 and a similar duty on auto parts a month later, as President Donald Trump prepared to announce further trade barriers that could escalate a trade war and upend the global economy.
The president’s new tariffs on imported vehicles and his plans to kill a popular tax credit will likely torpedo demand for vehicles made by American workers.
One manufacturer told NBC News that she had managed to push the existing 45% duty on her products onto American customers.
Trump is planning to enforce 25% tariffs on the auto industry, so why is Tesla cruising while others are in a spiral? Here's what to know.
Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna reflected on how he is trying to "control the uncontrollable" in the midst of industry-shaking tariffs.
President Trump has suggested his impending 25% tariffs on foreign vehicles and auto parts could be avoided by those who buy cars made entirely in the United States. The only problem: There aren’t any.
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Economists expect President Donald Trump's tariffs to drive up the cost of buying both new and used cars, as well as auto repairs.
President Trump announced a 25% tariff on auto imports to the United States.The tariffs apply to all cars and light trucks manufactured outside the United States, as well as certain auto parts. The automaker market,
Japan’s Prime Minister Shigeru Ishiba says his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect this week.