Tag #Automobiles

Showing 49 to 60 of 66 results

npr.org

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Mar 27, 07:15

Trump Imposes 25% Tariff on Car Imports

President Trump announced a 25% tariff on all car imports, effective next week, aiming to boost domestic manufacturing but potentially raising consumer prices and impacting the auto industry negatively; this adds to his existing protectionist trade policies.

Trump Imposes 25% Tariff on Car Imports

President Trump announced a 25% tariff on all car imports, effective next week, aiming to boost domestic manufacturing but potentially raising consumer prices and impacting the auto industry negatively; this adds to his existing protectionist trade policies.

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What are the immediate economic consequences of President Trump's 25% tariff on car imports?

President Trump announced a 25% tariff on all car imports, effective next week, citing national security. This impacts approximately 8 million imported cars and SUVs in 2024, potentially raising consumer prices and impacting auto industry stocks, which fell today.

english.kyodonews.net

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Mar 14, 04:09

Japan Seeks Tariff Exemption Amidst U.S. Trade Pressure

Japanese Foreign Minister Takeshi Iwaya voiced concern to U.S. Secretary of State Marco Rubio over President Trump's new tariffs on steel, aluminum, and potential auto tariffs, requesting an exemption for Japan and highlighting the importance of the U.S.-Japan alliance; the meeting follows previous ...

Japan Seeks Tariff Exemption Amidst U.S. Trade Pressure

Japanese Foreign Minister Takeshi Iwaya voiced concern to U.S. Secretary of State Marco Rubio over President Trump's new tariffs on steel, aluminum, and potential auto tariffs, requesting an exemption for Japan and highlighting the importance of the U.S.-Japan alliance; the meeting follows previous ...

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How does President Trump's criticism of the U.S.-Japan security treaty and trade imbalance influence ongoing trade negotiations?

The imposition of tariffs reflects President Trump's protectionist trade policies, aiming to reduce the U.S. trade deficit and bolster domestic industries. Japan's significant car exports to the U.S. (1.37 million vehicles in 2024, representing 28.3% of its total exports to the U.S.) make it particularly vulnerable to the auto tariffs. Trump's criticism of the security treaty and trade imbalance further underscores the strained relationship.

es.euronews.com

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Mar 11, 19:16

Japan Fails to Secure US Tariff Exemption

Japanese Trade Minister Yoji Muto failed to secure a US tariff exemption for Japanese steel, aluminum, and potentially auto exports despite ongoing negotiations in Washington, D.C., on March 26, 2018, increasing trade tensions between the two nations.

Japan Fails to Secure US Tariff Exemption

Japanese Trade Minister Yoji Muto failed to secure a US tariff exemption for Japanese steel, aluminum, and potentially auto exports despite ongoing negotiations in Washington, D.C., on March 26, 2018, increasing trade tensions between the two nations.

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What immediate economic consequences will the lack of tariff exemptions have for Japan?

Japan's trade minister, Yoji Muto, concluded talks in Washington without securing an exemption from US tariffs on steel, aluminum, and potentially automobiles, despite emphasizing Japan's significant economic contributions to the US.

fr.euronews.com

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Mar 6, 16:10

Trump Grants One-Month Tariff Exemption to Automakers

President Donald Trump granted a one-month tariff exemption to Mexican and Canadian automakers, delaying 25% tariffs on imported vehicles until April 2nd, to allow them time to relocate production to the US, following negotiations with Stellantis, Ford, and General Motors executives. This follows ea...

Trump Grants One-Month Tariff Exemption to Automakers

President Donald Trump granted a one-month tariff exemption to Mexican and Canadian automakers, delaying 25% tariffs on imported vehicles until April 2nd, to allow them time to relocate production to the US, following negotiations with Stellantis, Ford, and General Motors executives. This follows ea...

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How might this tariff exemption impact the global automotive industry and its supply chains?

This temporary reprieve, while seemingly beneficial to automakers, is part of a larger trade strategy. Trump's actions aim to incentivize the relocation of automotive production to the US, potentially impacting global supply chains and potentially raising prices for consumers. The one-month exemption is a strategic move to pressure automakers while temporarily mitigating negative economic consequences.

theglobeandmail.com

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Mar 5, 22:09

Trump Grants Temporary Tariff Reprieve on Autos Amidst Trade War

President Trump granted a 30-day tariff reprieve on Canadian and Mexican autos, aiming to shift production to the U.S., while imposing new tariffs on April 2nd, despite lacking evidence to support his claims of Canadian complicity in the fentanyl crisis.

Trump Grants Temporary Tariff Reprieve on Autos Amidst Trade War

President Trump granted a 30-day tariff reprieve on Canadian and Mexican autos, aiming to shift production to the U.S., while imposing new tariffs on April 2nd, despite lacking evidence to support his claims of Canadian complicity in the fentanyl crisis.

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What immediate economic impacts result from Trump's 30-day tariff reprieve on Canadian and Mexican autos?

President Donald Trump granted a 30-day reprieve from tariffs on Canadian and Mexican autos, but this is to allow automakers to shift production to the US. The temporary exemption, requested by the Big Three automakers, applies to vehicles imported under the USMCA trade deal. This action follows a phone call between Trump and Canadian Prime Minister Justin Trudeau, but no broader trade agreements were reached.

cnn.com

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Feb 19, 16:11

Trump Announces Steep Tariffs on Autos, Semiconductors, and Pharmaceuticals

President Trump announced 25% tariffs on auto imports, semiconductors, and pharmaceuticals, starting April 2nd, aiming to balance trade and reshore industries, potentially impacting consumers and businesses with higher prices and affecting Asian and European companies.

Trump Announces Steep Tariffs on Autos, Semiconductors, and Pharmaceuticals

President Trump announced 25% tariffs on auto imports, semiconductors, and pharmaceuticals, starting April 2nd, aiming to balance trade and reshore industries, potentially impacting consumers and businesses with higher prices and affecting Asian and European companies.

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What are the long-term implications of these tariffs for US trade policy, domestic manufacturing, and global economic stability?

The semiconductor industry, while US-dominated in design, relies heavily on Asian manufacturing. Companies like TSMC, Samsung, and SK Hynix could face significant challenges, potentially accelerating their US expansion plans. The pharmaceutical sector, with the US importing over $176 billion in 2023, will also see disruption, impacting firms in Europe, India, and China.

english.kyodonews.net

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Mar 19, 07:13

Japan Posts \$3.9 Billion Trade Surplus in February

Japan reported a \$3.9 billion trade surplus in February 2024, its largest since March 2021, due to a 11.4% year-on-year export increase driven by strong demand for automobiles and semiconductors, primarily from the United States, Taiwan, and Hong Kong, while imports declined 0.7%.

Japan Posts \$3.9 Billion Trade Surplus in February

Japan reported a \$3.9 billion trade surplus in February 2024, its largest since March 2021, due to a 11.4% year-on-year export increase driven by strong demand for automobiles and semiconductors, primarily from the United States, Taiwan, and Hong Kong, while imports declined 0.7%.

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What were the primary factors driving Japan's return to a trade surplus in February 2024?

In February 2024, Japan's trade balance showed a surplus of \$3.9 billion, the highest since March 2021. This was driven by a significant increase in exports, particularly automobiles and semiconductors, to markets like the US, Taiwan, and Hong Kong. Imports saw a slight decrease.

t24.com.tr

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Mar 12, 13:11

Turkey's High Automobile Taxes Amidst Inflation: A Hidden Tax Increase

Tax expert Ozan Bingöl criticizes Turkey's high automobile taxes, noting that the failure to update tax brackets amidst high inflation results in a hidden tax increase, forcing citizens to pay a fortune for old or unsafe vehicles or go without; between 2015-2024, 1.35 trillion Turkish lira in ÖTV wa...

Turkey's High Automobile Taxes Amidst Inflation: A Hidden Tax Increase

Tax expert Ozan Bingöl criticizes Turkey's high automobile taxes, noting that the failure to update tax brackets amidst high inflation results in a hidden tax increase, forcing citizens to pay a fortune for old or unsafe vehicles or go without; between 2015-2024, 1.35 trillion Turkish lira in ÖTV wa...

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What are the immediate consequences of Turkey's high inflation on automobile taxation and its impact on citizens?

Cars have become rolling tax offices, filling the Treasury while citizens are forced to pay a fortune for old and unsafe vehicles or go without", says tax expert Ozan Bingöl, highlighting the impact of Turkey's high inflation on car taxes. The tax rate is based on the pre-tax price, which increases with inflation, resulting in a hidden tax increase.

tr.euronews.com

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Mar 6, 16:10

Trump Grants One-Month Tariff Exemption to Mexican and Canadian Automakers

President Trump granted a one-month tariff exemption to Mexican and Canadian automakers on April 2nd, delaying 25% tariffs on vehicles imported under the USMCA following meetings with Stellantis, Ford, and General Motors executives; this follows the imposition of 25% tariffs on imports from Mexico, ...

Trump Grants One-Month Tariff Exemption to Mexican and Canadian Automakers

President Trump granted a one-month tariff exemption to Mexican and Canadian automakers on April 2nd, delaying 25% tariffs on vehicles imported under the USMCA following meetings with Stellantis, Ford, and General Motors executives; this follows the imposition of 25% tariffs on imports from Mexico, ...

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What is the immediate impact of President Trump's decision to grant a one-month tariff exemption to Mexican and Canadian automakers?

President Trump granted a one-month tariff exemption to Mexican and Canadian automakers following meetings with industry leaders. The exemption applies to vehicles imported under the USMCA agreement, delaying the implementation of 25% tariffs scheduled for April 2nd. This decision comes after the imposition of 25% tariffs on various imports from Mexico, Canada, and China, with additional 10% tariffs on goods from China.

elmundo.es

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Mar 5, 22:10

Trump Administration Temporarily Suspends Tariffs on Automakers

The Trump administration temporarily suspended tariffs on vehicles from Canada and Mexico for one month, impacting General Motors, Ford, and Stellantis, after facing market backlash and pleas from the auto industry; reciprocal tariffs will resume April 2nd, affecting the European Union.

Trump Administration Temporarily Suspends Tariffs on Automakers

The Trump administration temporarily suspended tariffs on vehicles from Canada and Mexico for one month, impacting General Motors, Ford, and Stellantis, after facing market backlash and pleas from the auto industry; reciprocal tariffs will resume April 2nd, affecting the European Union.

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What were the immediate economic consequences of the initial tariffs imposed on Canadian and Mexican vehicles, and how did the administration respond?

The Trump administration temporarily suspended tariffs on vehicles from Canada and Mexico, impacting General Motors, Ford, and Stellantis. This one-month reprieve, following a previous month-long pause, targets the automotive sector specifically, exempting other products. The decision comes after significant market reaction and pleas from the auto industry.

lefigaro.fr

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Feb 20, 01:12

Trump's Car Tariffs Threaten US Inflation

President Trump's proposed 25% tariff on imported cars, a sharp increase from the current 2.5%, will increase prices for US consumers, according to the German auto industry, potentially igniting an inflationary spiral and impacting German automakers already struggling with sales in China and the ele...

Trump's Car Tariffs Threaten US Inflation

President Trump's proposed 25% tariff on imported cars, a sharp increase from the current 2.5%, will increase prices for US consumers, according to the German auto industry, potentially igniting an inflationary spiral and impacting German automakers already struggling with sales in China and the ele...

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What is the immediate economic consequence of President Trump's proposed 25% tariff on imported cars for US consumers?

President Trump's proposed 25% tariff on imported cars will directly increase prices for American consumers, according to the German Association of the Automotive Industry (VDA). This increase will make products more expensive and potentially trigger an inflationary spiral.

edition.cnn.com

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Feb 19, 13:10

Trump Announces Steep Tariffs on Autos, Semiconductors, and Pharmaceuticals

President Trump announced 25% tariffs on auto imports, semiconductors, and pharmaceuticals, starting April 2, aiming to boost domestic production and address perceived unfair trade practices, potentially impacting consumers and businesses significantly.

Trump Announces Steep Tariffs on Autos, Semiconductors, and Pharmaceuticals

President Trump announced 25% tariffs on auto imports, semiconductors, and pharmaceuticals, starting April 2, aiming to boost domestic production and address perceived unfair trade practices, potentially impacting consumers and businesses significantly.

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How might these new tariffs affect consumer prices and the competitiveness of various industries?

These tariffs aim to 'rebalance' trade and reshore strategic industries, reflecting Trump's stance on unfair foreign competition. The impact extends beyond targeted sectors, potentially raising consumer prices and business costs. Nearly half of US vehicle sales are imports, suggesting significant consumer impact.

Showing 49 to 60 of 66 results