President Donald Trump wants to push the EU and Mexico into more favorable trade deals
EU countries thought they were close to securing a 10 percent deal like the UK negotiated, but are now facing a 30 percent levy
Cadillac remains optimistic as it’s one of the few car brands that are better shielded against the new tariffs
Imports from Europe and exports to China from the US both suffered as a result of Trump’s decision to hike tariffs
Nissan has stopped exporting a number of American-made vehicles to Canada
Donald Trump’s trade policies made BYD reconsider its plans, choosing to invest in Brazil instead of the US’ next-door neighbor
The truck is now expected to start around $25,000
The proposal will also end the credit for leased EVs not built in the U.S.
The number of new-energy vehicles being exported from China jumped 43 percent in May
The measure must now make it through the Senate before becoming law
In April, Subaru received nearly 12,000 orders for the new Forester in Japan, more than double the previous single-month record
After a pause, funding for new EV chargers could resume next month
Average consumers may only benefit around $500 through the new legislation
While Trump wants more American cars sold in Japan, local buyers aren’t interested
While buyers may welcome the news of auto loan tax breaks, tariff-related price hikes could nullify most potential savings in many cases
Decision on Audi’s U.S. factory could come later this year amid trade war pressures
The tariffs will bring increased prices and the policy changes could see a plummet for EV demand
Alongside the 10 percent baseline tariff, there’s a 50 tariff on steel and aluminum from Europe
