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Trump Says 30% Tariff Is Coming To European, Mexican-Made Cars On August 1

Trump Says 30% Tariff Is Coming To European, Mexican-Made Cars On August 1

Yahoo5 days ago
Good morning! It's Monday, July 14, 2025, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. This is where you'll find the most important stories that are shaping the way Americans drive and get around.
In this morning's edition, Trump sets a new date for tariffs against vehicles made in the EU and Mexico, Elon Musk says he doesn't want Tesla and xAI to merge, GM idles its truck plant in Mexico, and Land Rover recalls thousands of Range Rover Evoques for an airbag issue.
Read more: Popular Cars Consumer Reports Recommends You Skip In Favor Of Something Better
1st Gear: New Tariffs Are Coming To The EU, Mexico
If you were tired of hearing about tariffs, then I've got some bad news for you. President Trump just unveiled his latest round of tariff ultimatum, setting a 30% duty on things made in Mexico and the European Union. He sees to be going with the "never let 'em know your next move" method of haphazard negotiation.
The President announced the changes in two letters posted on social media over the weekend. He informed some very important trade partners that the new rates would kick in on August 1 if they could not negotiate better terms. His past few weeks have been split between this confusing (and expensive) shuffling of tariffs and dodging questions about Jeffrey Epstein. These latest levels are tweaked from the tariff levels he proposed in April. From Automotive News:
The EU had been hoping to conclude a tentative deal with the U.S. to stave off higher tariffs, but Trump's letter punctured the recent optimism in Brussels over the prospects for an 11th-hour agreement between the major economies.
Trump did, however, leave an opening for additional adjustments.
"If you wish to open your heretofore closed Trading Market to the United States, and eliminate your Tariff, and Non-Tariff, Policy and Trade Barriers, we will, perhaps, consider an adjustment to this letter," Trump wrote.
The tariff rates would apply widely, though separate from the president's sectoral tariffs on products such as automobiles and steel. If implemented, it could place the EU at a competitive disadvantage on American exports to the neighboring U.K., which left the bloc in 2020 and was the first country to come to a top-line trade pact with Trump.
Germany's VDA auto association tells AutoNews that there is still no solution to easing the current 27.5% duty on cars imported from the EU to the U.S. At the same time, European automakers are still holding out hope (such a silly move) that the two entities can reach some sort of agreement to lower auto import tariffs, potentially including a so-called "netting mechanism" to offset imports with exports. Something like this could be based on the value of exports out of the U.S. market, rather than the number of exported vehicles.
In Mexico, Trump wants President Claudia Sheinbaum to continue supporting the securing of the border between the two North American countries.
Trump added that if Mexico "is successful in challenging the cartels and stopping the flow of Fentanyl," the U.S. would consider adjusting the levies.
"These tariffs may be modified, upward or downward, depending on our relationship with your country," he added.
The letter is silent on whether the U.S. will preserve a carve-out for goods traded under the USMCA trade deal, which have been exempt from the current 25 percent rate. The administration has previously said it will keep the exemption for Canada.
Other countries Trump has pointed to for tariff hikes in recent days include South Korea, South Africa, Indonesia, Thailand, and Cambodia, as well as Algeria, Libya, Iraq, and Sri Lanka.
What is bro doing?
2nd Gear: Musk Doesn't Want Tesla, xAI To Merge
Tesla CEO Elon Musk says he does not support a merger between the automaker and his artificial intelligence start-up, xAI, which owns the Grok chatbot that has been having some major issues with racism, sexism, homophobia, and antisemitism lately.
This news comes after Musk announced that Grok was on its way to being implemented in Tesla vehicles, something I've got no doubt would go totally smoothly. From Reuters:
In response to a user post on X that asked Tesla investors if they supported a merger between the two companies, Musk replied "No."
On Sunday, Musk had said he would ask Tesla shareholders to vote whether Tesla can invest in xAI, after earlier saying "it would be great" if Tesla could do so.
[...]
xAI acquired X, formerly called Twitter and also owned by Musk, in a $33 billion deal in March this year, valuing the combined group at $80 billion at the time.
Sources told Reuters in June that xAI had been in talks to raise money at a valuation of more than $120 billion, while a valuation of as high as $200 billion was also discussed.
The Wall Street Journal reported on Saturday that Musk's SpaceX had committed $2 billion to xAI as part of a $5 billion equity round.
The way Elon's companies invest in each other sort of makes me feel like rearranging deckchairs on the Titanic. It's quite the masterful gambit by Musk.
3rd Gear: GM Idles Mexican Plant
General Motors says it is idling production at a pickup truck plant in Silao, Mexico — where it builds the Chevy Silverado and GMC Sierra — for several weeks. The plant was down for the first two weeks of July, and it's scheduled to be idled again the weeks of August 4 and August 11. From Automotive News:
"Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex," GM said in response to a Reuters inquiry.
The Silverado and mechanically similar Sierra are by far GM's top sellers in the U.S., and major profit generators. GM also builds the Silverado and Sierra at factories in Fort Wayne, Ind., Flint, Mich. and Ontario, Canada.
It is common for automakers to halt factory work to perform maintenance or adjust assembly lines for model changes. Most of GM's U.S. factories were not operating last week as part of a usual down week for the July 4 holiday.
Trucks like the Sierra and Silverado — among some of the best-selling vehicles in America — are absolutely crucial for GM. The automaker sold 278,599 Silverados and 166,409 Sierras in the first half of 2025. Those numbers represent a 2% and 12% respective increase in sales over the same period in 2024. Any downtime seems sure to hurt sales efforts.
4th Gear: Thousnds Of Range Rover Evoques Recalled For Airbag Issue
Jaguar Land Rover -- which recently resumed shipping vehicles to the U.S. -- is recalling U.S.-market Range Rover Evoques built between 2021 and 2025 because the front passenger airbag could tear during deployment. Obviously, that's not ideal, and it could lead to a further risk of injury in a crash if the hot gases inside the bag escape. From AutoEvolution:
[T]he airbag module in question is produced by the Hungarian arm of Joyson Safety Systems.
[...]
Jaguar Land Rover started looking into this matter in May 2023, following a number of reports from the manufacturer of the fascia assembly over abnormal front passenger airbag deployments. After many analyses and much investigation, the British automaker concluded in June 2025 that the airbag material showed variability in the folds of suspect airbags.
The Recall Determination Committee ultimately decided on a safety recall on June 30, 2025. Thankfully for both customers and JLR's legal team, Jaguar Land Rover is not aware of any reported injuries resulting from this concern. The recall documentation filed with the National Highway Traffic Safety Administration does not explicitly state how the supplier corrected this condition in airbag production or if the remedy modules come from a different supplier.
Owners and lessees will have the possibly faulty airbag modules replaced at Land Rover dealerships, who will be informed no later than July 21. Owners can expect to be notified by mail on or before August 25. In total, 20,999 Evoques are being recalled, according to Reuters.
Reverse: Built Ford Tough
We really don't talk enough about how wild it is that ol' Gerry Ford was able to become the freaking President without receiving a single vote. The man was just built different. If you want to learn more about our 38th President (and the second who shared a name with a car brand), head over to History.com.
On The Radio: Cobra Starship - Good Girls Go Bad Feat. Leighton Meester
There's no better song in the world for hanging in the corner with your five best friends and jamming out.
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Trump arrives in Scotland for golf and bilateral talks as EU trade deal nears
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Trump arrives in Scotland for golf and bilateral talks as EU trade deal nears

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DOGE Price Prediction: Where Dogecoin Could Be by 2025, 2026, and 2030
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DOGE Price Prediction: Where Dogecoin Could Be by 2025, 2026, and 2030

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that Dogecoin (DOGE) could hit $0.00010 by the year 2030. Convinced by this DOGE price prediction? You can trade Dogecoin on Coinbase, and if it's your first time using the exchange, . Dogecoin (DOGE), the original memecoin, has evolved from an internet joke into one of the most widely recognized cryptocurrencies. With its strong community backing, mainstream payment adoption and influential supporters like Elon Musk, Dogecoin remains a major player in the speculative crypto Bearish Prediction ($) Average Prediction ($) Bullish Prediction ($) 2025 0.172 0.341 0.731 2026 0.145 0.183 0.249 2027 0.148 0.165 0.191 2028 0.168 0.254 0.543 2029 0.249 0.576 1.46 2030 0.197 0.42 1.5 2025 Dogecoin Price Prediction Lowest Prediction: $0.172 Average Prediction: $0.341 Maximum Prediction: $0.731 Dogecoin's performance in 2025 is expected to be driven by ongoing community engagement, speculative trading and macroeconomic conditions. With its widespread recognition and active user base, DOGE remains a key player in the memecoin sector. Analyst forecasts predict a potential high of $0.731, reflecting a possible 326.92% ROI. One key factor that could impact price movement is mainstream adoption. If Dogecoin sees increased usage as a payment method or integration into new financial platforms, its value may rise. However, its reliance on speculative trading could lead to volatility, especially if overall market conditions deteriorate. 2026 Dogecoin Price Prediction Lowest Prediction: $0.145 Average Prediction: $0.183 Maximum Prediction: $0.249 Analysts foresee a potential pullback in Dogecoin's price by 2026, with a trading range between $0.145 and $0.249. Speculative demand may wane if newer meme coins capture the market's attention. However, Dogecoin's liquidity and deep exchange listings provide stability compared to more volatile competitors. The most bullish projections for 2026 assume that Dogecoin continues to benefit from celebrity endorsements and social media-driven hype. Prices could remain elevated if major influencers, such as Elon Musk, continue to publicly support DOGE. Don't Miss: . 2030 Dogecoin Price Prediction Lowest Prediction: $0.197 Average Prediction: $0.420 Maximum Prediction: $1.50 Looking ahead to 2030, the long-term outlook for Dogecoin is mixed. Some analysts predict DOGE could surge to $1.50 if widespread adoption accelerates. The bullish case depends on increased payment integrations and sustained community enthusiasm. However, the bearish case highlights the risk of DOGE losing momentum as newer and more innovative cryptocurrencies enter the market. Dogecoin's long-term viability remains uncertain without a clear use case beyond speculation. Reasons to Invest in Dogecoin Dogecoin remains one of the most well-known cryptocurrencies, benefiting from an active and dedicated community. Unlike newer memecoins, DOGE enjoys deep liquidity, major exchange listings and real-world utility as a tipping and payment currency. Traders remain interested in Dogecoin because of its historical price surges following viral moments. Elon Musk's frequent mentions of DOGE have historically driven massive rallies, making it one of the most reactive cryptocurrencies to social sentiment shifts. Dogecoin's transaction fees remain lower than Bitcoin's, making it attractive for microtransactions. If further adoption occurs in the e-commerce sector, DOGE could see renewed demand. Recommended: . Factors That Could Slow Dogecoin's Growth Despite its popularity, Dogecoin has significant risks. The most pressing concern is its lack of fundamental utility beyond speculation. Unlike Ethereum or Solana, DOGE does not have a robust development ecosystem supporting long-term growth. Another factor that could impact its price is regulatory scrutiny. Dogecoin's volatility could increase if regulators crack down on meme coins or impose stricter trading rules. Additionally, competition from newer meme coins could siphon retail demand away from DOGE, leading to price stagnation. Price Predictions from Analysts To estimate Dogecoin's future price, we aggregated predictions from several sources: Wallet Investor CoinCodex Changelly CoinPedia These forecasts factor in historical price movements, technical analysis and broader market sentiment. Given DOGE's speculative nature, predictions vary widely, ranging from bearish estimates suggesting declines in a risk-averse market to optimistic projections anticipating new highs in a bullish cycle. Market Sentiment and Social Trends Social sentiment is one of the most important drivers of Dogecoin's price. The coin's value often reacts to social media activity, with price spikes occurring after high-profile endorsements or viral trends. For example, X user @ali_charts noted that "investor sentiment around Dogecoin is at its most negative in over a year." Historically, such extreme levels of fear have preceded major price reversals, suggesting that DOGE could be in a prime position for a bounce. Large investors, or 'whales,' have also accumulated Dogecoin in recent months. In early March, whales purchased approximately 1.7 billion DOGE (worth $285 million), signaling strong conviction in the coin's potential. This accumulation has historically preceded price increases, reducing the available supply for retail traders and creating a potential supply shock. Despite these bullish signals, the broader crypto market remains in a risk-off mode, with DOGE mirroring Bitcoin's pullbacks. Investors are cautious, waiting for breakout confirmation before shifting to a bullish stance. Speculative Demand and Hype Cycles Like all memecoins, Dogecoin follows boom-and-bust cycles driven by external events. The coin has experienced multiple speculative rallies, with its most famous surge occurring in 2021. DOGE skyrocketed to $0.73 following Elon Musk's Saturday Night Live appearance, only to crash in the following months. Similar speculative cycles could repeat in future bull runs. Although Dogecoin is already listed on major exchanges, new integrations with payment processors like PayPal or Amazon could reignite hype cycles. If such integrations materialize, DOGE could experience another speculative run. Technical Indicators and Price Levels Technical analysis suggests Dogecoin's near-term price movement hinges on key support and resistance levels. According to Wallet Investor, the following levels are critical: Resistance Level (R3): 0.397 Resistance Level (R2): 0.285 Resistance Level (R1): 0.225 Pivot Point: 0.113 Support Level (S1): 0.0526 Support Level (S2): -0.0598 Support Level (S3): -0.120 If DOGE breaks above $0.17, it could trigger a significant rally. However, bearish sentiment may take hold if it fails to hold support at $0.052. Broader Market Factors Macroeconomic conditions and broader crypto market trends also affect Dogecoin's price. Historically, DOGE has followed Bitcoin's price movements, meaning that if BTC enters a bull run, Dogecoin could experience a surge in speculative interest. Another major factor is risk appetite. In a risk-on environment, traders are more likely to invest in speculative assets like Dogecoin. However, during periods of economic uncertainty or high interest rates, speculative assets tend to suffer, which could lead to price declines. Whale transactions also play a significant role in DOGE's price action. Large holders can manipulate short-term price movements, creating spikes or sell-offs that retail traders react to. Final Price Forecast Based on our methodology and market conditions, Dogecoin's future price range could look like this: Bearish Case: $0.145 – If market sentiment worsens or regulatory concerns increase, DOGE could drop to this level. Average Case: $0.420 – A moderate estimate based on historical trends and speculative demand. Bullish Case: $1.50 – If Dogecoin sees mass adoption, continued influencer support and a speculative bull run. This article DOGE Price Prediction: Where Dogecoin Could Be by 2025, 2026, and 2030 originally appeared on

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