'Not a good thing': Expert warns cars may become pricier if Trump gets his way
1 week, 5 days ago

'Not a good thing': Expert warns cars may become pricier if Trump gets his way

Raw Story  

Consumers shopping for a new car in 2025 are being warned to buckle up for higher prices once President-elect Donald Trump takes office next month as potential impacts from his trade policies are beginning to come into focus. Trump has vowed to slap heavy tariffs on all foreign-made goods once he returns to the White House next month, and auto analysts and dealerships are weighing in on how new taxes on foreign car companies would affect a buyer’s bottom line. "Certainly, if they did come into effect, you'd see an increase in the price of new cars, which obviously is gonna make it more expensive for the consumer, which is not a good thing," George Glassman, of the Glassman Automotive Group, told Fox 2 Detroit. Glassman, who sells Japanese and South Korean model vehicles – including Hyundai, Kia, Mitsubishi and Subaru – is one of many dealers across the country bracing for the impact of Trump’s new tariff threats. "The most recent one I saw from the Wells Fargo analyst predicted that the impact for component parts – tariffs on vehicles – could be anywhere between $600 and $2,500 per vehicle.” Griffiths added that Trump’s tariffs would serve as a temporary solution to a bigger problem, the outlet noted.

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History of this topic

Trump tariff threats trigger supply chain ‘freak out’
1 week, 5 days ago

Trump tariff threats trigger supply chain ‘freak out’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

US manufacturers are stocking up on imports ahead of tariffs
3 weeks, 5 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

The climate cost of Trump’s tariffs
3 weeks, 6 days ago

The climate cost of Trump’s tariffs

Raw Story  

Shortly after he was elected, Donald Trump announced an economic gambit that was aggressive even by his standards. “The consensus on the first round of Trump tariffs is that generally did not improve American productivity,” said Alex Muresianu, a senior policy analyst at the Tax Foundation, a right-leaning think tank. They didn’t achieve much.” The recently threatened tariffs would ratchet …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
4 weeks, 2 days ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

The enormous consequences Trump's tariffs could have : Consider This from NPR
1 month ago

The enormous consequences Trump's tariffs could have : Consider This from NPR

NPR  

The enormous consequences Trump's tariffs could have Enlarge this image toggle caption Geoff Robins/AFP via Getty Images Geoff Robins/AFP via Getty Images You never know if president-elect Donald Trump is bluffing, but when you have billions of dollars on the line, you have to take him seriously. So car companies took notice, when Trump announced a plan for huge new …

Should You Buy A Car Now Before Trump's Tariffs Go Into Effect?
1 month ago

Should You Buy A Car Now Before Trump's Tariffs Go Into Effect?

Huff Post  

Illustration:Jianan Liu/HuffPost; Photo:Getty Images If you were planning to buy a new car soon, now is a good time to buy. And she wondered: “If I have to repair something in two years and we have to import that part, will that be more expensive?” Higher prices, she fears, aren’t “a matter of if — it’s a matter of when.” …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
1 month, 1 week ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Wall Street’s response to more tariffs: Been there, done that
1 month, 1 week ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along …

When it comes to trade and tariffs, Trump’s bark may be worse than his bite
1 month, 1 week ago

When it comes to trade and tariffs, Trump’s bark may be worse than his bite

The Independent  

According to Donald Trump, “the most beautiful word in the dictionary” is “tariff”. He’s also determined to target the import of Chinese cars from Mexico, threatening “whatever tariffs are required – 100 per cent, 200 per cent, 1,000 per cent”. Previously, as well as attacking Chinese cars from Mexico, Trump has spoken of 60 per cent charges on goods from …

What Trump’s new tariff threats mean for the US economy
Trending News
1 month, 1 week ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
1 month, 1 week ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

Mexico warns Trump-proposed tariffs to cost 400,000 US jobs
1 month, 1 week ago

Mexico warns Trump-proposed tariffs to cost 400,000 US jobs

Al Jazeera  

Mexico emphasises interconnectedness of economic ties with US – and the mutual threat of tariffs. Mexico’s president and economy minister have given the clearest picture yet of how their government will respond to United States President-elect Donald Trump’s proposed tariffs on the country, which their government has warned will cost 400,000 US jobs. “If there are US tariffs, Mexico would …

GM and other US automakers would take big hit from Trump tariffs
1 month, 1 week ago

GM and other US automakers would take big hit from Trump tariffs

Live Mint  

* Trump's tariffs could raise SUV and pickup truck prices for U.S. consumers * Tariffs seen by some analysts as negotiating tactic linked to immigration and drug issues * Mexican President Sheinbaum warns tariffs could worsen inflation, kill jobs By Cassandra Garrison, David Shepardson, Ben Klayman MEXICO CITY/DETROIT, - U.S. President-elect Donald Trump's plan to slap a 25% tax on …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 1 week ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese exporters are already looking at new markets …

Trump vows big tariffs on Mexico, Canada and China
Trending News
1 month, 1 week ago

Trump vows big tariffs on Mexico, Canada and China

Raw Story  

U.S. President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In another post, Trump said he would also be slapping China with a 10 percent tariff, "above any additional Tariffs," in response to what he said was …

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.
55 years ago

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.

Slate  

This article was originally featured in Foreign Policy, the magazine of global politics and ideas. But tariffs are also touted by Trump’s trade sherpas, such as former U.S. Trade Representative Robert Lighthizer, as a way to force manufacturing back to the United States by discouraging pricier imports. If tariffs are just a threatened big stick to get better trade terms …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
1 month, 2 weeks ago

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing

LA Times  

A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year. “If we get tariffs, we will pass those tariff costs back to the consumer,” Phil Daniele, chief executive of AutoZone, said in the company’s most recent earnings call. …

What could get more expensive if Trump launches a new trade war with Mexico and Canada
1 month, 2 weeks ago

What could get more expensive if Trump launches a new trade war with Mexico and Canada

CNN  

New York CNN — During President-elect Donald Trump’s first term, America launched an all-out trade war with China to boost US manufacturing, secure US national security interests and resolve what Trump believed was an extremely out-of-balance trade relationship. Last year, the US imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to data from …

What could get more expensive if Trump launches a new trade war with Mexico and Canada
1 month, 2 weeks ago

What could get more expensive if Trump launches a new trade war with Mexico and Canada

CNN  

New York CNN — During President-elect Donald Trump’s first term, America launched an all-out trade war with China to boost US manufacturing, secure US national security interests and resolve what Trump believed was an extremely out-of-balance trade relationship. Last year, the US imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to data from …

What Trump 2.0 could mean for trade, migrants, climate change and electric cars
1 month, 2 weeks ago

What Trump 2.0 could mean for trade, migrants, climate change and electric cars

Hindustan Times  

By James Oliphant What Trump 2.0 could mean for trade, migrants, climate change and electric cars WASHINGTON, - Donald Trump's second presidential term could have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, Americans' taxes and illegal immigration. While some of his campaign proposals would require congressional approval, here is a summary of the …

Kaushik Basu: What if Trump actually keeps his campaign promises?
1 month, 3 weeks ago

Kaushik Basu: What if Trump actually keeps his campaign promises?

Live Mint  

As the dust settles after one of the most turbulent presidential elections in American history, many are asking whether US president-elect Donald Trump will deliver on his economic agenda and—assuming he follows through on his campaign promises—what impact his policies will have on the United States and rest of the world. A sharp increase in steel tariffs would thus drive …

Why Donald Trump’s return to power could make living in America costlier
Trending News
2 months ago

Why Donald Trump’s return to power could make living in America costlier

Firstpost  

Donald Trump, who will return as the 47th President of the United States, was the clear choice for voters concerned about the economy and inflation. However, experts say Trump’s avowed policies of imposing tariffs on goods from China and Mexico and launching an immigration crackdown on millions of undocumented immigrants are likely to send inflation soaring Donald Trump’s return to …

Trump has vowed sweeping tariffs: What comes next?
2 months ago

Trump has vowed sweeping tariffs: What comes next?

Raw Story  

U.S. president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods. - When Washington slapped tariffs on 6.4 billion euros worth of European steel and aluminum exports in 2018, the EU retaliated with "rebalancing tariffs" on US exports -- …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

Trump win could disrupt International trade, Dutch logistics association warns
2 months ago

Trump win could disrupt International trade, Dutch logistics association warns

NL Times  

Donald Trump's recent election victory could lead to major disruptions in international trade and logistics, says Bart Jan Koopman, director of the Dutch trade association Evofenedex. Trump has consistently criticized large trade deals, favoring instead a system where each nation trading with the U.S. would face individual tariffs. Evofenedex also noted that Dutch exports to the U.S., which include key …

More Trump Tariffs Are Coming But CEOs Insist They Are Prepared
2 months ago

More Trump Tariffs Are Coming But CEOs Insist They Are Prepared

Live Mint  

The alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tariffs, they’ve warned, a re-elected Donald Trump will set the stage for a historic period of turmoil in the global economy. “Success is going to bring us together, and we are going to start by …

How Trump tariff threats might plunge Mexico into recession and stoke immigration
2 months, 1 week ago

How Trump tariff threats might plunge Mexico into recession and stoke immigration

LA Times  

If former President Trump is reelected and follows through with his promise to slap new tariffs on all imports to the U.S., experts say much of the global economy could be upended. Harris says it could be higher, adding nearly $4,000 a year to the typical household’s bills, an increase she calls a “Trump sales tax.” It’s difficult to say …

Trump promises to ‘revolutionize’ auto industry in pitch to Michigan voters
2 months, 4 weeks ago

Trump promises to ‘revolutionize’ auto industry in pitch to Michigan voters

Politico  

Trump’s new tax cut proposal is the latest in a series of policy initiatives designed to chip away at the Democratic Party’s historical advantages with rank-and-file union members and working-class voters. Trump will “gut those resources,” United Auto Workers President Shawn Fain told reporters before Trump’s speech on Thursday. The new Chinese vehicle restrictions and tax deduction for auto loan …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
3 months, 2 weeks ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories
3 months, 3 weeks ago

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories

New Indian Express  

DETROIT: Former President Donald Trump on Tuesday repeated false claims that Chinese automakers are putting up large factories in Mexico, vowing during a stop in the automaking state of Michigan to slap 200% tariffs on any vehicles the unbuilt plants make and ship to the United States. Trump also claimed during an event in Flint that if Democratic Vice President …

Biden levies sweeping tariffs on China, intensifying trade fight with Trump
7 months, 3 weeks ago

Biden levies sweeping tariffs on China, intensifying trade fight with Trump

Live Mint  

WASHINGTON—One day after news broke that President Biden was planning to raise tariffs on Chinese electric vehicles to roughly 100%, Donald Trump moved to one-up his rival for the White House. Biden’s decision caps years of tortured debate within the administration over the tariffs Trump originally put in place on more than $300 billion in imports from China. “I don’t …

Trump and Biden’s appeal to Rust Belt turns on tariffs
7 months, 3 weeks ago

Trump and Biden’s appeal to Rust Belt turns on tariffs

Politico  

Trump now wants to go much further, laying plans for tariffs on electric vehicles coming from the U.S.’s largest trading partner — Mexico — which could be far more disruptive. “I’ve talked to the former president himself about this,” said Sen. Josh Hawley, one of Trump’s most steadfast allies in the Senate, who has proposed legislation for tariffs over 100 …

Biden will keep Trump's China tariffs, and add new ones on electric vehicles
7 months, 4 weeks ago

Biden will keep Trump's China tariffs, and add new ones on electric vehicles

NPR  

Biden will keep Trump's China tariffs, and add new ones on electric vehicles Enlarge this image toggle caption Mandel Ngan/AFP via Getty Images Mandel Ngan/AFP via Getty Images The Biden administration is getting ready to announce new tariffs on imports of goods from China — products like electric vehicles deemed to be policy priorities. The administration has been reviewing tariffs …

Electioneering tariff talk belies the reality: China Daily editorial
10 months, 3 weeks ago

Electioneering tariff talk belies the reality: China Daily editorial

China Daily  

There has been plenty of hoopla about the effectiveness of tariffs when it comes to correcting what in the eyes of US policymakers is unfair trade imbalances. The previous Donald Trump administration initiated a trade war against China, imposing 25 percent additional tariffs on Chinese imports worth $300 billion in 2018. This is because, in US Trade Representative Katherine Tai's …

Trump pledges to block US Steel sale
11 months, 1 week ago

Trump pledges to block US Steel sale

Politico  

“We want to bring jobs back to the country, and sometimes tariffs can do that,” Trump said in a speech in Washington, D.C., adding that “we started that process” during his first term, “and we will finish it up” if he is reelected. President Biden’s economic team has indicated it will give the acquisition “serious scrutiny” as part of a …

Imports severely weakened US automotive industry, reveals Trump-era report on foreign auto threat
3 years, 6 months ago

Imports severely weakened US automotive industry, reveals Trump-era report on foreign auto threat

India Today  

The US Commerce Department on Tuesday released a confidential Trump administration report that was the basis for the former president's threats in 2019 to impose tariffs on imported automobiles on grounds of national security. Republican Senator Pat Toomey, who drafted legislation to require the report's release, said in a statement that "a quick glance confirms what we expected: The justification …

Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the …

Trump raises tariffs on Chinese goods as trade war escalates
5 years, 4 months ago

Trump raises tariffs on Chinese goods as trade war escalates

Associated Press  

WASHINGTON — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. The Office of the U.S. Trade Representative also said existing tariffs on another $250 billion in Chinese imports would go from 25% to 30% on Oct. 1 after receiving feedback from the public. People …

Trade war: Trump defends fight against China despite risks
5 years, 5 months ago

Trade war: Trump defends fight against China despite risks

CNN  

Washington CNN — President Donald Trump’s trade war just got more complicated – and it’s far from clear whether he’ll win a deal before American voters head to the polls next November. Trump shrugged off this week’s market volatility as he spoke to reporters, saying it was “anticipated” and he had expected “even more.” “But ultimately it’s going to go …

US President Donald Trump warns China of substantial increase in import tariffs
5 years, 5 months ago

US President Donald Trump warns China of substantial increase in import tariffs

India TV News  

US President Donald Trump Friday warned of imposing substantial tariffs on imports from China if the trade negotiations do not go well. It goes on September 1," Trump said a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion. Observing that the US was "so far behind" China before he became …

Trump hits China with more tariffs, global markets sink
5 years, 5 months ago

Trump hits China with more tariffs, global markets sink

Al Jazeera  

US to impose 10 percent levy on an additional $300bn of Chinese goods, as Trump says tariff rate may increase further. United States President Donald Trump said he plans to impose a 10 percent tariff on $300bn of Chinese imports from September 1 and could raise tariffs further if China’s President Xi Jinping fails to move more quickly to strike …

Toyota rebukes Trump for sending message that carmaker ‘not welcomed’ in US
5 years, 7 months ago

Toyota rebukes Trump for sending message that carmaker ‘not welcomed’ in US

Live Mint  

Toyota Motor Corp. rebuked President Donald Trump’s declaration that imported cars threaten US national security, signaling contentious talks are ahead for the White House and America’s key trading partners. In an unusually strong-worded statement, Japan’s largest automaker said Trump’s proclamation Friday that the US needs to defend itself against foreign cars and components “sends a message to Toyota that our …

Trump lifts tariffs on Mexico, Canada, delays auto tariffs
5 years, 7 months ago

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

Associated Press  

WASHINGTON — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America’s allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. The president is also right to be deescalating tension with our North American …

Trump delays decision on imported auto tariffs for 180 days
5 years, 7 months ago

Trump delays decision on imported auto tariffs for 180 days

Live Mint  

US President Donald Trump on Friday delayed any decision to impose tariffs on car and auto-part imports, deciding against ratcheting up trade disputes or impacting ongoing talks with European nations and Japan. White House press secretary Sarah Sanders said Trump's action follows an extensive Commerce Department review, which found that imports of automobiles and certain automobile parts threaten to impair …

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