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Posts tagged #CarTariffs

Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
6 months ago
Toyota gains on Reuters report U.S. and Japan near deal to lower tariffs on cars Investing.com -- Toyota shares climbed on Thursday following a report by Reuters that Japan and the United States are close to finalizing an agreement to lower tariffs on Japanese car imports. Citing a Japanese government source, the report said the move is expected to take effect within 10 to 14 days of a U.S. presidential executive order. The reduced tariff rate would see duties on Japanese automobiles cut from 27.5% to 15% by the end of this month, the report said, noting that the precise date to be written into the order is still under discussion and will ultimately be decided by U.S. President Donald Trump. Toyota’s U.S.-listed shares were up 1.5% in premarket trading as of 05:03 ET (09:03 GMT). Honda stock (NYSE:HMC) also gained 1.2% on the report. Tokyo has been pressing Washington to swiftly implement the auto tariff cuts and to clarify terms on other goods, amid confusion over the bilateral trade deal that has added to pressure on Prime Minister Shigeru Ishiba’s government. During a meeting in Washington last month, Japan’s top trade negotiator Ryosei Akazawa urged U.S. Commerce Secretary Howard Lutnick to move quickly on the tariff cut for Japanese vehicles and parts. Akazawa also sought confirmation and the “immediate execution” of both countries’ agreement on U.S. levies for other Japanese imports. The deal, reached in July, outlined the U.S. commitment to reduce car tariffs to 15% from 27.5%, but at the time no implementation date was given. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Get an up-to-the-minute summary from WarrenAI, our powerful AI financial researcher. It's just like ChatGPT for investors, but with access to 1,200+ premium metrics spanning 10 years of data to instantly screen fundamentals, summarize breaking news, and reveal what Wall Street analysts are really saying about HMC. Ask questions in your own language and get insider answers in seconds. Think of it as your experienced investment partner—always ready to help you think through every angle of HMC.

Click Subscribe #Toyota #CarTariffs #USJapanDeal #AutomotiveIndustry #StockMarket

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
6 months ago
US must lower car tariffs before EU trade deal can be finalized, says Germany US must lower car tariffs before EU trade deal can be finalized, says Germany Investing.com -- Germany stated on Monday that the United States needs to implement previously agreed reductions in tariffs on European-manufactured automobiles before a broader trade agreement can be formalized. "In particular, car tariffs must be reduced quickly as agreed. We are also aware of the considerable burden on the export-orientated economy. ... Our role here is to continue to fully support the European Commission in this process," a German government spokesman said during a press conference. The European Union and the United States reached a framework trade agreement in late July, but many important details still require clarification. The German government’s statement highlights the ongoing negotiations between the two economic powers, with automotive tariffs emerging as a key point of contention that needs resolution before the comprehensive trade deal can move forward. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Click Subscribe. #USTradeDeal #EUTariffs #CarTariffs #GermanyTrade #InternationalTrade

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
9 months ago
Preview
Auto Stocks Fall After Trump Says He May Raise Car Tariffs - WSJ Auto Stocks Fall After Trump Says He May Raise Car Tariffs  WSJ

Click Subscribe #AutoStocks #Trump #CarTariffs #Economy #TradeWar

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
9 months ago
Preview
Auto Stocks Fall After Trump Says He May Raise Car Tariffs - WSJ Auto Stocks Fall After Trump Says He May Raise Car Tariffs  WSJ

Click Subscribe #AutoStocks #CarTariffs #TrumpNews #AutomotiveIndustry #MarketUpdate

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
9 months ago
Preview
Auto Stocks Fall After Trump Says He May Raise Car Tariffs - WSJ Auto Stocks Fall After Trump Says He May Raise Car Tariffs  WSJ

Click Subscribe #AutoStocks #Trump #CarTariffs #Economy #TradeWar

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
9 months ago
Preview
Germany’s Merz eyes car tariff offsetting mechanism after Trump talks © Reuters. FILE PHOTO: Drone view shows Volkswagen Group cars bound for cargo ship export to the United States at the seaport of Emden near the estuary, where the River Ems flows into the North Sea, in Emden, Germany, April 2, 2025. REUTERS/Erol Dogrudogan/File Phot BERLIN (Reuters) -German Chancellor Friedrich Merz said on Friday that he would pursue a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles exported to the U.S. Speaking at an event in Berlin just hours after his inaugural trip to Washington for talks with U.S. President Donald Trump, Merz said: "We have to see if we can come up with an offset rule or something along those lines." "We agreed that we will have two representatives between the White House and the chancellery who will now talk intensively with each other about German-American trade relations," he added. He said trade negotiations with the U.S. remained within the remit of the European Union, however, and that later on Friday he would speak to EU Commission President Ursula von der Leyen to brief her on the outcome of his talks with Trump. The news comes after sources told Reuters last month that Mercedes-Benz (OTC:MBGAF) and German rivals BMW (ETR:BMWG) and Volkswagen (ETR:VOWG_p) were in talks with Washington over a possible import tariff deal. Mercedes-Benz CEO Ola Kaellenius told Spiegel in an interview on Thursday that such a mechanism could act as a precedent for other industries. Should you invest $2,000 in BMWG right now? Before you buy stock in BMWG, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is BMWG one of them?

Click Subscribe #Germany #Merz #CarTariffs #TradePolicy #Trump

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Inferia Crimson (Host of Nightly Infernal Affairs)
Inferia Crimson (Host of Nightly Infernal Affairs)
@inferiacrimson.bsky.social
10 months ago
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Welcome to Tariff Trail! Drive fast, dodge layoffs, and pray your wallet survives. Side effects may include: rusted dreams, exploding prices, and a monster truck crushing your future. #TariffApocalypse #BuiltToFail #CarTariffs #CarsTariff #Trump

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Money Talks News
Money Talks News
@moneytalksnews.com
10 months ago
Preview
6 Affordable Cars That May Be the Last of Their Kind Under Trump’s Tariffs New tariffs could drive up costs for popular sub-$30K vehicles — including imports and models assembled in Mexico or South Korea. See which cars may soon cost more.

Affordable cars could soon vanish as tariffs loom. Grab these budget-friendly rides while they're still within reach. #CarTariffs #AffordableVehicles

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
10 months ago
Preview
Tesla says India’s 100% car tariffs make customers anxious By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -Tesla sees India’s 100% import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the "very hot" market even as those concerns linger, its chief financial officer said on Tuesday. Tesla (NASDAQ:TSLA) has long wanted to sell in the world’s third-largest car market, but high tariffs, which its chief Elon Musk has said are among the steepest in the world, have been a deterrent. Even so, Tesla has in recent weeks finalised some showroom space in India and posted more than two dozen jobs, signalling it is getting closer to a launch. Commercially available custom records show that in March, Tesla imported a Model Y car to India from Germany at a shipment value of $46,000. "The same car which we’re sending is 100% more expensive than what it is. So that creates a lot of anxiety. People feel OK, they’re paying too much for the car ... That’s why we’ve been very careful trying to figure out when is the right time (to enter India)," Vaibhav Taneja said in an earnings call. "India is a very hot market," he added. Tesla posted dismal first quarter earnings on Tuesday, with net profit plunging by 71%. Tesla has been lobbying India to lower import tariffs on cars, and Prime Minister Narendra Modi’s officials are in talks with U.S. President Donald Trump’s administration to lower the 100% levies under a bilateral trade deal. The United States has asked for elimination of tariffs on cars, but New Delhi is unlikely to bring down taxes to zero immediately even as it considers further cuts. Any duty cuts that make imported cars cheaper have seen strong opposition from local carmakers such as Tata Motors (NYSE:TTM) and Mahindra and Mahindra (LON:MAHMq). Last year, Tesla came close, with Musk planning to visit India where he was expected to announce an investment of $2 billion-$3 billion, including in a factory to manufacture EVs. But he cancelled the trip at the last moment.

Click Subscribe #Tesla #India #CarTariffs #ElectricCars #AutomotiveNews

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
11 months ago
European auto shares rise after Trump floats possible car tariff exemptions Investing.com - European automotive stocks climbed on Tuesday after U.S. President Donald Trump reportedly floated potentially granting exemptions to car-related tariffs already in place. According to Reuters, Trump said in the White House on Monday that he was considering modifying current 25% levies on foreign autos and auto parts from Canada, Mexico and other countries, which analysts have predicted could increase car costs by thousands of dollars. Trump said the auto industry needs "a little bit of time because they’re going" to make cars in the United States, Reuters said. Shares in Germany’s Volkswagen (ETR:VOWG_p), BMW (ETR:BMWG), and Mercedes-Benz (OTC:MBGAF) Group all rose in early European trading, while Jeep-owner Stellantis (NYSE:STLA) gained over 4% in Milan trading. The industry-wide Stoxx 600 Automobiles & Parts index also added more than 2%. The rally echoed an uptick in the stock prices of General Motors (NYSE:GM) and Ford Motor (NYSE:F), which ended higher by 3.5% and 4.1%, respectively, on Monday. Analysts at Morgan Stanley also said the report would be positive for Japanese automakers, including Toyota Motor (NYSE:TM) Corp (TYO:7203), Honda (NYSE:HMC), and Mitsubishi Motors (OTC:MMTOF). Shares in these firms jumped on Tuesday. Several automakers utilize a highly-integrated North American supply chain that often sees parts cross borders multiple times before finished cars arrive in U.S. showrooms. Trump’s tariffs have threatened to disrupt this flow of goods and cloud the outlook for many car companies. In a statement on Monday quoted by Reuters, the head of the American Automotive Policy Council, which represents GM, Ford and Stellantis, said that they "share the President’s goal to increase American automotive production, and we appreciate the ongoing dialogue with the Administration." Trump’s suggestion of an exception for carmakers comes after the White House temporarily paused levies on a wide range of electronics imports, largely from China, late on Friday. The action has helped to somewhat bolster market sentiment, although Trump has vowed to place more duties on sectors like semiconductors as soon as next week. (Reuters contributed reporting.)

Click Subscribe #Trump #AutoIndustry #CarTariffs #EuropeanMarket #StockMarket

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Moz
Moz
@wxmmoz.bsky.social
11 months ago
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I’m sorry #BBCNews but this is a car, not an auto! #AutoTariffs #CarTariffs

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Political Cartoon Gallery
Political Cartoon Gallery
@politicalcartoon.bsky.social
11 months ago
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Ella Baron @EBaronCartoons @thetimes on #springstatement #Labour #rachelreeves #welfarecuts #TrumpTariffs #tradewar #cartariffs – political cartoon gallery in London original-political-cartoon.com

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Ella Baron
Ella Baron
@ellabaron.bsky.social
11 months ago
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Friday's @thetimes.com cartoon
www.thetimes.com/comment/cart...
#springstatement #labour #rachelreeves #donaldtrump #tariffs #tradewar #cartariffs

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GirlFuturist
GirlFuturist
@girlfuturist.bsky.social
11 months ago
Preview
Germany says it 'will not give in' as Trump announces 25% car tariffs Major economies vow to retaliate, with China accusing Washington of violating international trade rules.

#CarTariffs #TrumpInflation www.bbc.com/news/article...

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🦋 𝕮𝖍𝖗𝖎𝖘 𝕿𝖍𝖔𝖗𝖓𝖊®
🦋 𝕮𝖍𝖗𝖎𝖘 𝕿𝖍𝖔𝖗𝖓𝖊®
@thorchrs.bsky.social
11 months ago
Preview
Rachel Reeves begs Trump not to slap car tariffs on the UK Industry figures show the US is the second largest export market after the EU for cars built in the UK

👇🇬🇧🇺🇸 That's what Donny loves; begging!
"Reeves begs Trump not to slap car tariffs on UK amid intense talks with US" #UnitedKingdom #CarTariffs

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Yonefe de la Tierra Lejana
Yonefe de la Tierra Lejana
@johntexanperuano.bsky.social
11 months ago
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Transnational "USA" car companies did #pricegouging. The market responded by buying less. They still increased price. POTUS answer? Tariffs on foreign cars to force buying them without lowered prices.
#carinflation #cartariffs #marketmanipulation #thisisnotcapitalism

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Profit Trading USA
Profit Trading USA
@profittradingusa.bsky.social
11 months ago

Click Subscribe #Bosch #NorthAmerica #CarTariffs #AutoIndustry #SupplyChain

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Aaj News
Aaj News
@aajnews.bsky.social
11 months ago
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جنگی منصوبہ لیک ہونے کی خبریں بے بنیاد اورمیڈیا ٹرائل ہے، ڈونلڈ ٹرمپ
مزید پڑھیے: www.aaj.tv/news/30450315/

#AajNews #USPresident #CarTariffs #TradePolicy #InternationalTrade #TariffAnnouncement

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Mike M
Mike M
@mikem76.bsky.social
11 months ago

Regarding #cartariffs, this is where American car manufacturers source their parts:

Mexico: 38%
Canada: 10%
China: 9.5%
Japan: 9.4%
South Korea: 6.4%
Germany: 6.4%

Given tariffs are to be applied to parts as well as cars, the cost of making them in the US is about to rise steeply. #uspol

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@boppinmule.bsky.social
11 months ago
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Trump announces 25% tariffs on imported cars, ratcheting up global trade war 🇺🇸 #tariffs #TrumpTariffs #cartariffs #globaltradewar abcnews.go.com/Business/tru...

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