US president Donald Trump on Thursday confirmed a trade framework with the United Kingdom that reduces tariffs on autos and metals while keeping the baseline 10% tariff as it is. The announcement followed a phone call with UK prime minister Keir Starmer. Under the plan, US tariffs on British cars will drop from 27.5% to […]
US president Donald Trump (File Image) Trump Monday suggested he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump said in Oval Office. He said automakers needed […]
Canadian PM Mark Carney and Donald Trump (File Image) Canada hit back at the United States over Donald Trump’s 25 per cent auto tariffs and imposed retaliatory duty on the imported US vehicles. Canada slapped a 25 per cent tariff on vehicles imported from the US that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA).Addressing […]
US President Donald Trump said on Saturday that he “couldn’t care less” if automakers raise car prices for Americans after he imposed a 25 per cent tariff on all foreign-made cars. There have been reports that he warned auto executives of consequences if prices go up, but Trump, in an interview with NBC News, told […]
US President Donald Trump on Wednesday announced a 25 per cent tariff on auto imports, a move the White House claims will boost domestic manufacturing but could significantly impact global automakers and trade relations. “This will continue to spur growth. We’ll effectively be charging a 25 per cent tariff,” Trump told reporters.The tariffs, expected to […]
Mark Carney (Left) and US President Donald Trump (Right) Canadian Prime Minister Mark Carney on Wednesday called US President Donald Trump’s auto tariffs a “direct attack” on Canada and said that the trade war is hurting Americans. He also highlighted the adverse effects of the trade dispute on Americans, evidenced by diminishing consumer confidence. Trump […]
File photo of US President Donald Trump (Pic credit: AP) US President Donald Trump on Wednesday announced new auto tariffs ahead of the April 2 deadline. The US president, while speaking at the Oval Office, announced 25 per cent tariffs on all cars and light trucks not built on US soil.“What we’re going to be […]
