Tag: tariffs

How Seriously Should We Take Trump’s Mexican Auto Tariff Threat?

<img data-attachment-id="1668584" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_486345745-1-e1554409497278.jpg" data-orig-size="2800,1886" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="mexico us border" data-image-description=" Chess Ocampo/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_486345745-1-450×303.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_486345745-1-610×411.jpg” class=”aligncenter size-large wp-image-1668584″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/04/shutterstock_486345745-1-610×411.jpg” alt width=”610″ height=”411″> On Thursday, President Donald Trump threatened to impose tariffs on cars entering the United States from Mexico if the nation doesn’t assist Washington in dealing with the migrant situation at its southern […]

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Auto Industry ‘Unites’ Against U.S. Import Tariffs

<img data-attachment-id="1647322" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/10/GM-Arlington-11M-Tahoe03-e1541001384628.jpg" data-orig-size="2887,1837" data-comments-opened="1" data-image-meta="{"aperture":"4.5","credit":"Mike Stone for General Motors","camera":"Canon EOS-1D X","caption":"Workers celebrate as the 11th Million vehicle, a 2018 Tahoe RST, rolls off the assembly line at the General Motors Assembly Plant in Arlington, Texas, on Wednesday, November 29, 2017. (Photo by Mike Stone for General Motors)","created_timestamp":"1511971096","copyright":"\u00a9 2017 MikeStone and General Motors. This […]

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Trump to EU: Expect Auto Tariffs Without Trade Deal

Earlier this week, the European Union warned that if the United States imposes any new tariffs on European-built vehicles, it can expect similar levies on American products. However, armed with the Commerce Department’s confidential report on automotive imports, President Donald Trump doesn’t appear remotely interested in backing down. While Trump previously agreed not to impose additional […]

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Don’t Think We Won’t Fire Back, EU Warns U.S. After White House Receives Key Auto Import Report

The showdown between the European Union and United States over auto tariffs reminds this viewer of Charles Bronson and Henry Fonda in Once Upon a Time in the West, and with good reason. Both players appear ready to reach for their Colt Single Action Army in a bid to do maximum damage to the other. […]

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Trade War Watch: Congress Tries a New Tactic to Block Auto Tariffs

With the United States’ government shutdown now over, lawmakers have an opportunity to work together as promised. Interestingly, one of the first pieces of bipartisan legislation to emerge after the federal bureaucracy resumed operations involves a plan to severely limit presidential authority to impose tariffs for national security reasons. The Bicameral Congressional Trade Authority Act, […]

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Automakers Understandably Freaking Out Over ‘No Deal’ Brexit

With Britain’s parliament rejecting Prime Minister Theresa May’s latest Brexit deal, European automakers stand to face some strong headwinds in the near future. As of now, no clear path lies ahead. Many believe the European Union will continue playing hardball, punishing Britain for leaving. But, even if it doesn’t, loads of regulatory and trade issues must […]

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Trade War Watch: China to Temporarily Suspend U.S. Auto Tariffs

China announced Friday its intent to reduce tariffs on imports of American-made cars as it tries to negotiate a trade deal with the United States. As you’ll recall, the People’s Republic imposed additional punitive tariffs on U.S. cars and auto parts earlier this year after promising it would lower the trade barriers on a global […]

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Trade War Watch: Trump Says China Will Remove Car Tariffs, China Claims Nothing

Last night President Donald Trump tweeted that China had agreed to reduce tariffs. While The People’s Republic already lowered tariffs over the summer, it chose to cut the United States out of that deal as trade relations worsened. In fact, America found itself subject to an increased, 40-percent fine on imported autos while the rest […]

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More iPhone order cuts and Trump tariffs threaten Apple’s holiday season

Normally, Apple’s prediction of a record holiday quarter — with revenues between $89 to $93 billion — would be more than enough to thrill investors, as the company historically hits or exceeds the high end of its sunny estimates. But new reports of further iPhone order cuts and additional U.S. tariffs on Chinese-made products are casting […]

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President Price Hike Is Ruining Black Friday

Photo: Getty Images This may be your last chance at a 12-pack of flat-screen televisions, thanks to Donald Trump. With a slew of tariffs on foreign goods announced in the first two years of his tenure in the office formerly reserved for Presidents, Trump has touted his international trade strategy as a necessary tool in […]

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Trade War Watch: Trump Reportedly Delaying Auto Tariffs, Clock Still Ticking

The Trump administration was supposed to make an announcement Tuesday as to whether or not imported automobiles pose a national security risk, following discussions with trade representatives. While it wasn’t presumed that the White House would say anything truly definitive or hold a formal press conference on the issue, it was assumed that the president […]

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Trade War Watch: Were the Auto Tariffs Ever Supposed to Be More Than a Threat?

The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether it’s prudent to impose tariffs of up to 25 percent on imported automobiles and parts, based on the premise that they’re a threat to national security. The possibility has the industry in a tizzy, with both foreign and […]

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Trade War Watch: Ford Blames Trump for Sky-high Steel Prices

Ford Motor Co. is blaming Donald Trump’s commodity tariffs for elevating U.S. steel prices higher than any other market on the planet. Regardless of your opinion on the president’s policies (the economy is reportedly booming), it’s a little hard to rebuff Ford’s criticisms on this one. The automaker’s now going straight to the source in […]

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BMW Buying Out Brilliance Automotive in China, Adding Capacity for U.S.

Now that China has relaxed its joint-ownership mandates, BMW has announced that it will procure a majority stake in its venture with Brilliance Automotive. The German firm will be the first foreign automaker to have majority control of its business in the region. Being first will not come cheaply, however. It will cost BMW $4.2 billion to […]

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Amid Cross-border Feud, a Pricier Dodge Challenger Looks More Likely Than Ever

Man, if you live south of the 49th parallel, you missed quite a hubbub yesterday evening. Actually, Americans likely caught a whiff of it, as U.S. President Donald Trump’s lengthy post-UN press conference Wednesday covered a lot of topics, including the one that had Canucks up in arms. Up here in the Great White North, […]

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As Ford Takes a Hit, Hackett Appeals to Trump to End Trade Disputes

Ford’s decision to construct the current-generation F-150’s body purely of aluminum paid off in terms of lightweighting, fuel economy, and sales, but rising commodity costs over the past couple of years eroded some of the financial benefit. There’s far greater headaches facing Ford these days, as the industry grapples with tariffs on not just imported […]

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A U.S.-launched Trade Dispute Is Helping Toyota in One Key Market, but for How Long?

While the trade situation is still very much in flux, Toyota sees itself as standing to gain from the turmoil, just not in the United States. The automaker, along with other Japanese brands, finds itself in an advantageous position in China — a massive market facing its own troubles. China’s anger at the U.S., and […]

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U.S. hikes tariffs on $200 billion of Chinese goods, omits Apple gear

Carrying out a threat that’s been in the works since July, U.S. President Donald Trump today formally announced the imposition of tariffs on an additional roughly $200 billion in Chinese goods — the latest escalation in his trade war with China. But the tariffs notably omit one category of products that was expected to create […]

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How Well Does Trump Understand What’s Happening Within the Auto Industry?

President Donald Trump jumped on Twitter Sunday morning to rattle off a series of musings I couldn’t have cared less about. However, mixed in with the rest of them, was a reference to last month’s news that Ford abandoned its plans to import the Chinese-built Focus Active into the United States. “‘Ford has abruptly killed a […]

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