Tag Archives: automakers

New German cars are parked at a logistics center in Essen, Germany, on Feb. 3. Martin Meissner/AP hide caption toggle caption Martin Meissner/AP Tariffs have been costly for the auto industry. Higher taxes on imports like aluminum and steel are pushing up the prices of the materials that go into cars, while tariffs on foreign-made parts and imported vehicles have …

When the Insurance Institute for Highway Safety’s “SORB,” the Small Overlap Rigid Barrier test, launched in 2012, many automakers were caught flat-footed, with vehicles that had been Top Safety Picks now scoring poor ratings in the new test. SORB was a humongous shakeup for the car world, with automakers all redesigning their vehicles to handle the challenge — sometimes at …

President Donald Trump this week announced that he had cut a deal with Japan that would lower tariffs on Japanese cars to 15%, which was a cut from the 25% tariffs that he’d originally placed on them. However, many of the parties whom Trump claimed he was trying to help are not happy with the deal, including major automakers and …

Trump’s ‘massive’ deal with Japan is giving US automakers heartburn  Politico Japan trade deal info on Trump’s desk was altered by hand with a marker  CNBC South Korea Weighs US Investment Pledge to Trim Auto Tariff  Bloomberg.com Fact Sheet: President Donald J. Trump Secures Unprecedented U.S.–Japan Strategic Trade and Investment Agreement  The White House (.gov) Trump announces ‘massive’ trade agreement with Japan  CNN Source link

WASHINGTON (AP) — U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on …