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Trump's tariff claims on auto industry

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The Associated Press |
President Donald Trump's 25% tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of U.S. automakers to compete with their foreig...
Reuters |
From Donald Trump turning up the heat again, to 23andMe fearing the worst, we round up the big stories in business and finance over the week to March 28.
Reuters |
Several administration officials have defended Tesla in public comments in recent days, ranging from urging people to buy its stock to opening investigations into vandalism at Tesla dealerships.

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Economist honored by Trump warns tariffs risk 'irreparable damage' to U.S. automakers
Arthur Laffer says the industry would be in a better position if the president preserved the supply chain rules with Canada and Mexico from the USMCA.
Trump's auto tariffs are likely to hit an emerging Asian auto hub, showing there are risks for investors everywhere
In Thailand — a key auto hub — exports will be affected by the tariffs, said Finance Minister Pichai Chunhavajira.
Fact check: Donald Trump's tariff claims on auto industry
During the announcement, President Donald Trump made several claims about auto production in the U.S. that were false.
The Week in Numbers: Trump turns up the heat
From Donald Trump turning up the heat again, to 23andMe fearing the worst, we round up the big stories in business and finance over the week to March 28. Francis Maguire reports. Dazzling spiral swirl
Trump Announces 25 Percent Tariffs on Imported Cars and Parts
The measure is intended to bring car factories to the United States but could increase prices for consumers significantly. The president said the tariffs will start next week.
Trump announces new auto tariffs in a major trade war escalation
President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war.
Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so
As the global auto world reeled from the potential fallout of U.S. President Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla .
UK car firms urge help as Trump tariffs loom
UK car firms are seeking support from the government as hopes fade a deal can be reached with US President Donald Trump over US tariffs. Companies met with industry minister Sarah Jones on Friday morning to discuss their response to plans for 25% tariffs on US car imports from next week,
Canada will respond to Trump auto tariffs with its own trade actions
The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit.
Tariffs Are a Risk for Midsize Businesses, and Their Lenders
With the S&P 500 having entered correction territory, big-company stocks are pricing in the potential effects of policies such as tariffs in real time. But for a lot of investors, that isn’t where their exposure ends.
Stocks suffer second-worst day of year as tariffs sap sentiment
US stocks tumbled to their second-worst day of the year as risk assets were pummeled by renewed concerns a flurry of tariffs will stoke inflation just as signs mount that consumer sentiment and spending are buckling.
Trump’s tariff threats are hurting your job prospects
One in four US businesses has scaled back their hiring plans because of the turmoil unleashed by President Donald Trump’s trade war, according to a survey of chief financial officers released Wednesday.
Barclays switches preference to global fixed income over equities on tariff risks
Barclays said on Thursday it favors fixed income investments over equities for the first time in "several quarters" and warned global economic growth was at risk due to U.S. President Donald Trump's escalating tariff policies.
Tariff Turmoil: How Retailers Adapt To Shifting Trade Policies
How tariffs, AI, and predictive modeling help retailers navigate supply chain disruptions, optimize costs, and maintain competitiveness in a shifting global market.
Carmakers weigh risk of price hikes as Trump tariffs loom, sources say
European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said, fearing any first-movers could risk a backlash from U.
Consumers call for a lifeline as Trump's tariff 'Liberation Day' nears
The president’s expanding trade war is ricocheting through corporate boardrooms and driving up pessimism at kitchen tables.
PCE Report Hits Today—But Tariffs and Fed Caution Steal the Spotlight
Markets await the PCE report, but tariff risks and Fed caution may matter more. Traders should watch yields, gold, and USD for post-data setups.
Trump Tariffs on Canada Lumber Risk Pinching Toilet Paper Supply
President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
Billion-Dollar US Levies on Chinese Ships Risk ‘Trade Apocalypse’
Critics will tell a hearing on Monday that the move against commercial ships could be more disruptive for global trade than Trump’s tariffs.
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