Tariffs
As the third quarter of 2025 unfolds, the automotive industry is witnessing significant developments in terms of technology, regulation, and market trends. Major players such as Foley & Lardner, GM, and Hyundai are navigating the complex landscape of import tariffs, trade agreements, and evolving consumer preferences. Meanwhile, autonomous technologies, electric
Tariffs
As the European Union's trade deal with the United States is set to take effect on Friday, French officials are pushing for champagne and other wines and spirits to be exempt from US tariffs. The EU reached an agreement with President Donald Trump on Sunday, but EU officials
Tariffs
Brazil-based subsidiaries of Taiwan-based memory and storage device manufacturer Adata, has put its export plans to markets such as the United States on hold, citing the 50% tariff hike on Brazilian products announced by U.S. President Donald Trump. The company is, however, ramping up investment in research and development
Tariffs
Car manufacturers around the world, including Mercedes-Benz, Porsche, and Aston Martin, are facing significant financial losses due to the escalating trade war between the US and its trading partners. The tariffs imposed by the US have had a devastating impact on sales, profits, and production levels for these companies, with
Tariffs
The Indian government has taken note of US President Donald Trump's announcement of a 25 percent tariff on goods exported from India to the US, effective from August 1. In a measured statement, the Ministry of Commerce and Industry said it is studying the implications of the move
Tariffs
President Trump's new trade deals with Japan and the European Union are creating a complex landscape for the automotive industry, with foreign automakers potentially incentivized to import more cars to the U.S. rather than building plants in America. This approach contradicts Trump's goal of strengthening
Tariffs
The National Foreign Trade Council (NFTC) has voiced its concerns over the initial framework of the trade deal announced by the Trump Administration with the European Union. According to NFTC Vice President for Global Trade Policy Tiffany Smith, the deal's tariff implications, including a 15% tariff rate on
Tariffs
The International Monetary Fund released its World Economic Outlook on Tuesday, cautioning that trade tensions continue to pose a risk to the global economy. Despite concerns, the IMF projects 3 percent global growth this year, a slight reduction from its previous forecast. The Fund attributes the rosier outlook to lower-than-expected
Tariffs
The US economy has shown remarkable resilience, with inflation remaining tame despite tariffs, unemployment low despite federal job cuts, and consumer spending continuing to rise. However, cracks are beginning to form, with tariffs driving up prices and companies hiring fewer workers. A crucial week ahead will bring a flood of
Tariffs
The United States and European Union's trade deal, while avoiding the worst-case scenario of a trade war, sets a new precedent for trade agreements under Trumpenomics. The deal features higher tariffs, exceptions for select products, and a baseline tariff on everything, with the possibility of negotiating or imposing
Tariffs
Stephen Harper, Canada's former prime minister, has called on the government to diversify its trade markets and reduce its reliance on the United States, citing the need for the country to be proactive in the face of rising tensions between the US and China. Harper made his comments
Tariffs
The European Union and the United States have agreed on a trade deal that imposes a 15-per-cent tariff on EU cars and other goods imported to the US. The deal, set to take effect on Friday, also includes a joint investment of US$600-billion and the purchase of US energy
