Trump, Tariffs and but automakers
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The study found the Detroit Three could see tariffs of nearly $5,000 for the parts they import on average for each car produced in the U.S., and about $8,600 on average for each car they import.
From USA TODAY
China has rejected what it called threats and blackmail from Washington. China will "follow through to the end" if the U.S. insists on its own way, Commerce Ministry spokesperson He Yongqian told a r...
From CBC.ca
The benchmark S&P 500 ( ^GSPC) roared up over 9.5% in the biggest increase since 2008 but has fallen Thursday as the focus has turned to these ever escalating tensions with China.
From AOL
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Ford CEO Jim Farley told Fox that Ford can tolerate tariffs, there are even some benefits, but only if details on parts get sorted out.
Shares of auto makers Ford and GM in recent weeks have each lost two Buy ratings, and picked up a Sell rating.
Ford Motor Company has launched a new advertising campaign called "From America, For America" in direct response to the costly new tariffs on autos and parts.
Ford’s new discounts apply to all new 2024 and 2025 vehicles, except for specialty versions of the Bronco sport-utility vehicle; the Mustang sports car; Super Duty versions of F-Series pickups; and a few other models. “Consumers will pay what we pay,” Rob Kaffl, Ford’s director of U.S. sales and dealer relations, said in a statement.
Detroit's three automakers could bear billions in costs from President Donald Trump's 25% tariffs on imported vehicles.
Ford Motor Company (F), a leading American automaker based out of Detroit, has lost 21% of its market value in the past 12 months due to
President Donald Trump's decision to tariff auto imports is helping bring car manufacturing jobs back to the United States.
Automotive parts suppliers are scrambling to cope with the compounding nature of President Donald Trump’s tariffs and the speed with which the new levies are coming into effect. “There are so many tariffs that suppliers are left sort of guessing what the total tariff will be when they get to the border,
Anderson Economic Group says the impact of auto tariffs on U.S. consumers could be $30 billion in the full first year.