5 d. ago US consumers rushed to buy cars ahead of Trump’s auto tariffs

Vehicle sales jump in March before implementation of steep levies

Politics

9 d. ago Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Vehicle sales are predicted to plummet from auto tariffs and tightened spending by Americans due to import taxes on other goods

Economics

2 w. ago GM will dramatically increase car production in US after Trump tariffs

An American carmaker is set to increase production at its Indiana plant. The move comes one day after President Donald Trump slapped 25 percent tariffs on auto imports.

Politics

2 w. ago Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

2 w. ago US dollar ‘at risk of confidence crisis’ as Trump tariffs rattle global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

2 w. ago EU threatens countermeasures and Asian markets plunge after Trump tariff announcement – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy after US President Trump targets allies on what he dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessThe new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

3 w. ago Vance says no military action needed in Greenland as Trump vows to get control of island: Live

Vice president says U.S. hopes to strike ‘Donald Trump-style’ deal with Greenlanders

Events

3 w. ago From repairs to insurance, Trump's auto tariffs could make owning a car more expensive

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive

Politics

3 w. ago Stocks tumble on inflation fears as Trump policies continue to cause market volatility

Sell-off comes as 25 percent auto import tariffs set to begin in early April

Economics

3 w. ago Trump’s executive order forces removal of ‘improper ideology’ at Smithsonian museums to promote ‘American greatness’: Live

President directs JD Vance to rid museums of ‘divisive narratives’ in latest culture war push

Politics

3 w. ago Trump warned automakers not to raise prices after his tariffs and be happy how ‘great’ they are

Trump reportedly hosted a call in early March with auto CEOs before he made the 25 percent tariffs official this week

Events

3 w. ago In numbers: Which countries will suffer most from Donald Trump’s car tariffs?

The UK’s number-one goods export to the US is cars, worth £8.3 billion in the year up to November 2024

Politics

3 w. ago Trump signs executive order threatening to gut Smithsonian Institute funding unless ‘improper ideology’ removed: Live

President directs JD Vance to rid museums of ‘divisive narratives’ in latest culture war push

Politics

3 w. ago Trump latest: Stefanik appears on Fox News hours after President withdraws her UN ambassador nomination

President and Speaker Mike Johnson acknowledge keeping slim Republican majority is crucial to passing Trump agenda

Politics

3 w. ago Trump news today: Stefanik appears on Fox News hours after President withdraws her UN ambassador nomination

President and Speaker Mike Johnson acknowledge maintaining slim Republican majority in House of Representatives is crucial to passing Trump agenda

Politics

3 w. ago Trump news today: Stefanik to appear on Fox News hours after President withdraws her UN ambassador nomination

President and Speaker Mike Johnson acknowledge maintaining slim Republican majority in House of Representatives is crucial to passing Trump agenda

Politics

3 w. ago Trump auto tariffs could kill 10,000 London area jobs: Observers

Trump auto tariffs could kill 10,000 London area jobs: Observers  The London Free Press

Events

3 w. ago Trump withdraws Stefanik’s UN ambassador nomination as Republicans fret over House majority: Live

President and Speaker Mike Johnson acknowledge maintaining slim Republican majority in House of Representatives is crucial to passing Trump agenda

Politics

3 w. ago Why Trump’s 25% tariffs on autos could backfire | Steven Greenhouse

Nearly half of the cars sold in the US are imported and Trump’s 25% tariff will add at least $6,000 to the sticker price of the average car, industry experts sayAfter two months of flip-flopping on tariffs, imposing them one day and often suspending them the next, Donald Trump gunned the accelerator of his trade war on Wednesday by announcing a 25% tariff on autos and auto parts imported into the United States. That’s a very big deal, and while the president insists this hefty import tax on cars is going to be good for “anybody who has plants in the United States”, his move – like a car in desperate need of a tune-up – could easily backfire.Nearly half of the cars sold in the US are imported, and Trump’s 25% tariff will add at least $6,000 to the sticker price of the average car, industry experts say. Domestic auto producers will be able to jack up their sticker prices because the new tariffs will make US automakers face considerably less price competition from imported cars. This e...

Politics

3 w. ago Trump's latest auto tariffs explained: What car buyers should know this year

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again, off-again 25% levies on Canada and Mexico

Politics