Tag: tariffs

Trump: My relationship with Tim Cook delayed Apple’s iPhone tariffs

The threat of significant U.S. tariffs on Chinese-manufactured goods has weighed on Apple’s stock for months, raising the prospect that its already expensive devices could see 10% to 25% cost hikes. But a last-minute reprieve delayed a new 10% tariff on phones and laptops until after the heat of the holiday shopping season, and the […]

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Japan Eyeballs Minor Trade Deal With U.S. Slated for September

<img data-attachment-id="1681824" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967.jpg" data-orig-size="1000,667" 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="japanese auto exports 2016" data-image-description=" Sakarin Sawasdinaka/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-610×407.jpg” class=”aligncenter size-large wp-image-1681824″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/07/shutterstock_265612967.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> The United States and Japan are working on a trade deal revolving around agriculture and […]

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Did the Mexican People Really Win?

On July 1, 2018, the night of the election of president Andres Manuel López Obrador, I joined several friends to make our way to Mexico City’s Zócalo—the central square of this sprawling metropolis—where López Obrador would give his acceptance speech. Triumphant AMLO supporters flooded the streets. Firecrackers and car horns punctuated the celebratory hubbub. Confetti […]

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Nintendo, Microsoft, and Sony are right — Trump’s tariffs are foolish

Shortly after the Electronic Entertainment Expo (E3) trade show in Los Angeles earlier this month, the big-three console manufacturers sent a joint letter to United States Trade Representative Joseph Barloon. The letter requests the exclusion of video game consoles from upcoming tariffs on China. In asking for that exception, Nintendo, Microsoft, and Sony provide a […]

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Apple: U.S. tariffs will cut our economic contribution and aid rivals

Facing the imminent imposition of 25% United States tariffs on virtually all of its Chinese-manufactured products, Apple is publicly urging the U.S. government “not to proceed with these tariffs,” which it claims will cut its contributions to the economy and help foreign rivals. The request was disclosed today (via CNBC) in a letter sent on Monday […]

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Can’t Get No Tariff Relief: Tesla, GM, Nissan, FCA, Uber Appeals Denied

Large U.S. companies hoping to side-step the 25 percent tariff on Chinese goods by appealing to the government aren’t having much luck. Since July, the U.S. has imposed the tariff on billions of dollars worth of goods from the People’s Republic, leading to financial fallout for automakers heavily invested in the region. And it seems […]

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Facing tariffs, Foxconn promises to assemble U.S. iPhones outside China

(Reuters) — Foxconn, the world’s top contract electronics assembler, said it had enough capacity outside China to meet Apple’s demand in the American market if the need should arise for the iPhone maker to adjust its production lines due to the U.S.-China trade war. The comments come as U.S. President Donald Trump has threatened to […]

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Corruption Is the Tie that Binds for Trump-Era Republicans

A strange thing has happened over the past month or so: Senate Republicans have begun to stand up to President Trump. Haltingly, tentatively, perhaps, but on things that matter, a bit of spine has been sighted. What matters? Well, they’ve objected to the controversial appointments of Herman Cain and Stephen Moore to seats on the […]

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It’s Monday, and Mexican Tariffs Are Back On the Table

<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″> After the United States and Mexico signed an agreement to stem the flow of illegal migrants from Central America across their shared border, President Donald Trump’s latest tariff proposal was taken off […]

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As Mexico Beefs Up Its Border, Tariffs Still Lurk on Monday

<img data-attachment-id="1629838" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/06/2019-Chevrolet-Blazer-009.jpg" data-orig-size="1280,851" data-comments-opened="1" data-image-meta="{"aperture":"9","credit":"","camera":"Canon EOS 5DS","caption":"2019 Chevrolet Blazer features a distinctive lighting execution on all models that separates the headlamps and LED daytime running lamps.","created_timestamp":"1524077810","copyright":"","focal_length":"91","iso":"200","shutter_speed":"0.2","title":"2019 Chevrolet Blazer features a distinctive lighting execution","orientation":"1"}" data-image-title="2019 Chevrolet Blazer features a distinctive lighting execution" data-image-description=" Image: GM ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/06/2019-Chevrolet-Blazer-009-450×299.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/06/2019-Chevrolet-Blazer-009-610×406.jpg” class=”aligncenter wp-image-1629838 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/06/2019-Chevrolet-Blazer-009-610×406.jpg” alt width=”610″ […]

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U.S. to GM: Sorry, Pay Your Buick Envision Tax

Pity the poor Buick Envision. As one of the few Chinese-built vehicles sold in America, it earned an unpatriotic stigma upon its arrival. There’s no word on how many UAW workers own one. Meanwhile, the compact crossover launched partway through the 2016 model year with only high-end trims in tow, saddling it with a steep […]

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Tariffs Are a Bad Response to an Imaginary Border Crisis

Donald Trump won the presidency–despite losing the popular vote by 2.8 million—with a campaign that careened wildly from one distraction to another. He has clung to this as a Twitter and governing strategy ever since. As there are 190 countries in the world, and the United States trades with most of them, trade wars so […]

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Automakers, Already Taking a Hit From Trump’s Mexican Tariff Threat, Worry the Pain Has Only Just Begun

<img data-attachment-id="1608002" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP1r3mgg2v1es1muslmsg574297u4-e1515765455700.jpg" data-orig-size="1184,789" data-comments-opened="1" data-image-meta="{"aperture":"2.8","credit":"BersoGomez","camera":"Canon EOS 60D","caption":"","created_timestamp":"1473354325","copyright":"","focal_length":"11","iso":"100","shutter_speed":"0.0005","title":"","orientation":"1"}" data-image-title="Ram Heavy Duty Saltillo Mexico assembly" data-image-description=" Ram Heavy Duty Saltillo Mexico assembly ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP1r3mgg2v1es1muslmsg574297u4-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP1r3mgg2v1es1muslmsg574297u4-610×407.jpg” class=”aligncenter wp-image-1608002 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP1r3mgg2v1es1muslmsg574297u4-610×407.jpg” alt=”Ram Heavy Duty Saltillo Mexico assembly, Image: FCA” width=”610″ height=”407″> The profit-focused appeal of building vehicles in low-cost jurisdictions propelled many automakers to boost manufacturing capacity […]

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Trump Promises Tariffs on All Mexican Goods Starting June 10th

<img data-attachment-id="1608000" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP113pk6hq9fbnrhucuc6ke0o2udg7-e1515765170157.jpg" data-orig-size="1752,1168" data-comments-opened="1" data-image-meta="{"aperture":"3.5","credit":"","camera":"Canon EOS REBEL T1i","caption":"","created_timestamp":"1437481341","copyright":"","focal_length":"18","iso":"125","shutter_speed":"0.025","title":"","orientation":"1"}" data-image-title="Ram HD production Saltillo assembly" data-image-description=" Ram HD production Saltillo assembly ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP113pk6hq9fbnrhucuc6ke0o2udg7-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP113pk6hq9fbnrhucuc6ke0o2udg7-610×407.jpg” class=”aligncenter wp-image-1608000 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/01/STAP113pk6hq9fbnrhucuc6ke0o2udg7-610×407.jpg” alt=”Ram HD production Saltillo assembly, Image: FCA” width=”610″ height=”407″> Just when it seemed the trade climate in the North American region was easing, President Donald Trump launched […]

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Playing Both Sides: How Toyota Is Rolling With the Trade War Punches

<img data-attachment-id="1674844" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545.jpg" data-orig-size="1000,667" 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":"1"}" data-image-title="toyota dealer lot" data-image-description=" Joerg Huettenhoelscher/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-610×407.jpg” class=”aligncenter size-large wp-image-1674844″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_1036124545.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> While it’s difficult to muster sympathy for giant corporations, the trade war current raging between the […]

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