Items Tagged with 'tariffs'

SPARTANBURG, SC—“Plant Spartanburg is not just an assembly plant,” a company spokesperson said. “It is a cornerstone of our global production network and a major driver of economic growth in the United States. We export more vehicles from the U.S. than we import into the country.” The plant manufactures the X3, X3 M, X4, X4 M, X5, X5 M, X6, X6 M, X7, and XM models.

Reciprocal, retaliatory, uncertainty—these words now dominate discussions about tariffs, once a distant trade issue but now a daily concern. Companies across industries are scrambling to understand their implications and devise action plans. The big question on everyone’s mind? How do we protect margins and stay competitive in a tariff-driven economy?

Fully one-third of all U.S. manufacturing inputs come from Canada and Mexico.

TOKYO, Japan—This decision highlights how automakers are adapting to U.S. trade policies, making Honda the first major Japanese carmaker to take concrete action.

WASHINGTON—Canada and Mexico had previously secured a one-month delay by tightening border controls, but experts believe any further postponement will depend on clear evidence of continued progress. 

PALM BEACH, FL—European Union trade officials are set to meet with U.S. representatives today as industries brace for potential impacts. 

WASHINGTON—Trump plans to speak with Canadian Prime Minister Justin Trudeau today before tariffs aimed at the country are due to take effect early Tuesday. 

DETROIT—Experts warn that widespread tariffs proposed by the Trump Administration could have catastrophic effects on the U.S. auto industry, especially when it comes to key components such as wiring harnesses.

WASHINGTON—Below is a summary of automakers and suppliers potentially impacted by these tariffs.

WASHINGTON—Law firm Wiley Rein LLP has filed trade petitions against Chinese manufacturers of golf carts and other vehicles on behalf of the American Personal Transportation Vehicle Manufacturers Coalition.