Trump’s 25% Tariff Shakes Auto World!
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ABC News |
Analysts widely expect the tariffs to raise prices for foreign-made cars, since importers will likely pass along a share of the tax burden to consumers.
Reuters |
Trump announced 25% tariffs on car and auto parts on Wednesday, sending global automakers' shares down and raising fears of job losses in big auto-exporting countries.
USA Today |
Risk sentiment deteriorated sharply in the second half of the week after President Donald Trump announced sweeping tariffs on imported automobiles, compounding concerns about rising inflationary press...
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UAW president supports Trump’s tariffs
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Reactions and opinions
CBS News |
"We have excess capacity. They could bring work back in very short order," Fain said.
U.S. News & World Report |
Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes.
Yahoo |
Both the American Automotive Policy Council and The United Auto Workers Labor Union are pleased with the move by President Trump, whereas Autos Drive America, which represents international auto manu...
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9hon MSN
President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities.
There are still a lot of unknowns, but if this remains in place, there will clearly be some pain for the companies to digest.”
Paslin supplies assembly lines but because of tariffs, automakers have put vehicle projects on pause. How Paslin is staying afloat amid lost work.
President Donald Trump expressed confidence that his tariff policy would prompt more Americans to buy cars made in the U.S.
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12hon MSN
The Today in Ohio podcast on Friday questioned whether Donald Trump’s auto tariff announcement was intended to divert attention for an embarrassing security breach and pilloried the hypocrisy of Bernie Moreno for supporting the tariffs after making a fortune selling foreign cars.
Inventory levels are elevated at many dealerships, reflecting a slowdown in sales and a decrease in lease returns. While some industry experts believe car sales will persevere, others warn of production disruptions, price increases and potential layoffs if tariffs persist.
(Reuters) - Canada and Mexico won protections against potential new U.S. auto tariffs in 2018 as part of the U.S.-Mexico-Canada Agreement on trade, but there is no evidence that President Donald Trump will honor those commitments as he imposes 25% duties on global automotive imports.
U.S. President Donald Trump's announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries,