New cars will probably become much more expensive in the United States after President Trump imposed a new 25 percent tariff on foreign-made cars. Cox Automotive, a research firm, estimates that tariffs would add $6,000 to the price of a car made in Mexico or Canada, two of the top exporters of vehicles to the…
Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors. Tesla, whose chief executive, Elon Musk, has taken a leading role in the Trump administration, makes all the cars that it sells in the United States in California and Texas. That…
Andre Lee bought a used Kia Forte to boost his career as an insurance agent in Singapore. In his mind, he saw himself zipping across town in his black coupe, impressing potential clients. “It’s the same as being dressed in formal wear with leather shoes, or wearing a Rolex,” Mr. Lee, 33, said of the…
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they…
Bo Albertus, a school principal in Denmark, finds the Spanish raisins he now snacks on less tasty than his favorite Sun-Maid ones from California. There is no perfect substitute for Heinz tomato soup, a staple in his pantry. And he misses Pepsi Max. But as long as President Trump pursues policies that Mr. Albertus, 57,…
Inflation is expected to have stayed stubbornly high in February, an unwelcome sign for the Federal Reserve as it grapples with the prospect of a sharp slowdown in growth as a result of President Trump’s trade war. The latest reading of the Consumer Price Index, set for release on Wednesday, is forecast to have risen…
Volkswagen’s earnings dropped last year and its profitability may improve only marginally this year, as the automaker repositions its global business to deal with shifting trade policies in the United States and tough competition from its Chinese rivals. Volkswagen is Europe’s largest carmaker, and its reach extends across the globe. While the company’s size and…
In 301 A.D., the Emperor Diocletian made a bold but ultimately unsuccessful bid to address the inflation that was rampaging across the eastern half of the divided Roman Empire. Prices of everything from purple thread and feathers to slaves and cattle were dictated by his Edict on Maximum Prices. Violators faced the death penalty. Diocletian…
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused. Most everyone involved was confused,…
The trucks that carry about $300 million worth of auto parts each day over the bridge from Windsor, Ontario, to Detroit are still rolling as usual. But in the aftermath of President Trump’s decision to impose 25 percent tariffs on most categories of Canadian exports, the mood in Windsor, like all of Canada, was transformed….