A cargo truck loaded with new pickups heads to U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025. Guillermo Arias | AFP | Getty Images DETROIT — Shares of automakers closed higher Monday after President Donald Trump said he is looking to “help some of the car companies”…
WASHINGTON (AP) — President Donald Trump on Monday suggested that 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 told reporters gathered in the Oval Office….
WASHINGTON (AP) — The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic…
Outside City Hall in Windsor, Ontario, it was apparent on Friday morning that at least one American thing wasn’t being boycotted. Fans dressed in Detroit Tigers clothing were gathering at a bus stop to cross the river to take in the team’s home opener. Beyond the opening day festivities, however, it was a week of…
The Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Bloomberg | Getty Images Shares of some of the world’s biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump’s 25% tariffs on foreign auto imports came into effect. Germany’s Volkswagen, Mercedes-Benz Group and BMW were…
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump‘s tariffs on auto imports is expected to hit hard for car brands and countries around the world, with economists warning a small landlocked nation in…
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while…
Thursday’s sell-off in auto stocks may look tempting to investors who are used to buying the dip. However, Josh Brown warns the worst isn’t over for the sector — and to avoid exposure. Major carmakers declined Thursday after President Donald Trump announced his plans to impose a 25% tariff on “all cars that are not…
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the…
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares of GM…