In spite of a prolonged charm offensive by Prime Minister Keir Starmer, President Trump said that the U.K. would be hit with the universal base rate levied on all countries.
Tag: Automobiles
Trump and Tariffs Enter the Scene Only Days Into Canada’s Election Campaign
Without advance notice to Canada, the U.S. president put the auto industry into turmoil with a 25 percent tariff.
Tesla Dealers Claimed They Sold 8,653 Cars in 3 Days in Canada. Did They?
The sales numbers provided by the company-owned shops allowed them to claim tens of millions in government rebates. Now those numbers are under scrutiny.
Rattled by Trump, America’s Allies Shift to Defense Mode
The new auto tariffs are straining relations with U.S. allies and deepening doubts about America’s reliability as a partner.
Why Driving in Singapore Is Like ‘Wearing a Rolex’
The city-state, where it costs up to $84,000 just for the right to own a car, is one of the most expensive places to drive. That is by design.
Trump’s Tariff Policies Jolt Auto Industry Executives
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
Volkswagen’s Profit Under Pressure From Tariffs and Competition
The German auto giant’s earnings fell last year as it pushed ahead with a restructuring in the face of tariff uncertainty in the United States and lost market share in China.
Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
With Trump’s Tariff Reprieve, Mexico and Canada, Still Wary, Breathe Easier
President Trump suspended tariffs for both countries after Mexico’s leader presented her security successes, and after U.S. markets fell and business leaders urged the White House to change course.
Trump to Pause Auto Tariffs for Canada and Mexico for One Month
The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.