Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.
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Pernod Ricard cuts sales outlook on tariff uncertainty
French spirits group hit by slump in Chinese demand for cognac following anti-dumping measuresFinancial Times - 58m -
Auto stocks fall as Trump tariffs spark trade war concerns
Shares of auto giants fell sharply on Monday as U.S. President Donald Trump imposed long-threatened tariffs on goods from Canada, Mexico and China.CNBC - 2d -
Trump’s 25% tariffs on Mexico and Canada to challenge the global auto industry
Tariffs announced Saturday by the Trump administration are expected to have a profound impact on the global automotive industry.CNBC - 4d -
Trade industry pushes back against the enacted tariffs
The White House said Friday that Trump would impose a 25% tariff on goods entering America from Mexico and Canada and a 10% on Chinese goods starting today.NBC News - 4d -
Canada’s Auto Industry Capital Braces for Trump Tariffs
Windsor, Ontario, right across the border from Detroit, has close ties to the United States but now faces exceptional economic disruption.The New York Times - 5d -
Implemented or not, Trump's 25% tariff threat is challenging the auto industry
DETROIT — As President Donald Trump’s threat to impose 25% tariffs on imports from Canada and Mexico as soon as Saturday looms, the global automotive industry is collectively holding its breath.NBC News - 5d -
Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks
Gov. Gretchen Whitmer addressed the Detroit Auto Show, saying that tariffs should not be used “to punish our closest trading partners,” like Canada.The New York Times - Jan. 15 -
Threat of Trump tariffs adds to global economic uncertainty, IMF warns
Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the worldFinancial Times - Jan. 10 -
Under Shadow of Planned Tariffs, Auto Suppliers Rethink Production Plans
From the sidelines of CES 2025, global car parts suppliers ponder the consequences of Trump’s threatened import duties.Inc. - Jan. 9
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