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Yahoo
29 minutes ago
- Yahoo
Trump Just Hammered US Cars With Tariffs
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Toyota Motor Corp (NYSE:TM) just got a market-moving gift – and it came courtesy of U.S. trade policy. After the Donald Trump administration unveiled a new 15% tariff on imported vehicles, Toyota's stock surged 8%. Tariff Math That Favors The Competition Why? Because while Toyota gets away with a flat 15% hike, American automakers like Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM), and Tesla Inc (NASDAQ:TSLA) are staring down a tangled—and far more expensive—tariff mess. Ford and GM aren't just dealing with the vehicle import tariff, pointed out Spencer Hakimian on X. They're also absorbing 50% more for steel and copper, 25% tariffs on parts from Canadian and Mexican factories, and a 55% hit on components sourced from China. Tesla, with its global supply web, doesn't escape the squeeze either. Trending: Be part of the breakthrough that could replace plastic as we know it— An 'America First' Policy That Backfired? What was meant to be a policy to bring auto jobs back to U.S. soil may end up doing the opposite – by raising input costs for American carmakers while giving Toyota a relatively cleaner ride. Ironically, Toyota's more consolidated and diversified supply chain, with more U.S.-based manufacturing than some of its American rivals, positions it to weather the new rules better. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The optics are stark: a Japanese automaker rallying on a trade policy designed to promote American industry, while Detroit's giants get slapped with compounding Street Is Already Picking Sides The market's response was swift. Toyota popped. Ford and GM barely budged. Tesla continues to navigate a different narrative altogether, but even it can't dodge the rising cost of essential materials. For investors, the takeaway is clear: in the short term, tariff policy isn't just a political tool – it's a stock catalyst. And right now, Toyota's the one shifting into high gear. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo: Shutterstock This article Trump Just Hammered US Cars With Tariffs - Toyota Says Thanks originally appeared on Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Norris takes Belgian GP pole position
Belgian Grand Prix Venue: Spa Dates: 25-27 July Race start: 14:00 BST on Sunday Coverage: Live commentary of practice and qualifying on BBC Radio 5 Sports Extra 2 with race on BBC Radio 5 Live; live text updates on BBC Sport website and app Lando Norris pipped McLaren team-mate Oscar Piastri to pole position at the Belgian Grand Prix. Norris beat Piastri, the championship leader, by just 0.085 seconds as Red Bull's Max Verstappen slipped down to fourth, beaten by Ferrari's Charles Leclerc, after errors on his final lap. Leclerc's team-mate Lewis Hamilton was knocked out of the first session after having his final lap time deleted for exceeding track limits and will start 16th. Williams driver Alex Albon slipped ahead of his friend George Russell's Mercedes by 0.059secs to take fifth. Yuki Tsunoda had his best performance since joining Red Bull at the third race of the season by taking sixth, 0.381secs off Verstappen. Norris happy with 'decent' lap Norris secured his pole with his first lap in the final session, on which he was 0.189secs quicker than Piastri. The Briton was not able to improve on his second run, which Piastri was, but a mistake at Stavelot for the Australian cost him the chance to take pole for the second day running after his sprint pole on Friday. Norris had been nearly 0.5secs slower than Piastri in Friday's session but he said the margin was not reflective of his true pace. Norris said: "I was confident after yesterday - 0.3secs is just slipstream and not being first out of the pit lane. It was a decent lap, so I'm happy." Piastri said: "A bit disappointing. The second lap was coming together really well but just made a little mistake into 14 and lost a lot of time. The car was really good but it's fine margins out there. "We're a good team-mate pairing, we learn a lot from each other. Felt like I did OK but didn't quite execute when it matters." Norris now faces the same problem Piastri had in the sprint - giving the driver behind him the slipstream on the run up to the Les Combes chicane on the first lap. Losing out to Verstappen in that way in the sprint race cost Piastri that win. Now Norris will have to defend from his championship rival. But rain is expected for Sunday, which changes the picture because of the visibility issues of following another car in the wet. "Most likely some rain and drizzle," Norris said. "Could be in for a chaotic race. Going off the front and hopefully can take advantage of that and go from there." Verstappen had been third fastest after the first runs, but a wheelspin moment out of the La Source hairpin cost him time all the way along the straight through Eau Rouge and up to Les Combes. The four-time champion was able to claw some of the time lost back over the rest of the lap and did improve his time slightly. But he said the lap was "so bad" and it was enough to allow Leclerc, who felt he was able to maximise the Ferrari, to slip ahead. A disappointed Hamilton said to go out in Q1 was "not acceptable" but he would try to "have fun" in the race. Behind Tsunoda, the top 10 was completed by the Racing Bulls drivers Isack Hadjar and Liam Lawson, and Sauber's Gabriel Bortoleto, who made it into the top 10 for a grand prix qualifying session for the first time in his career, repeating the feat he managed in sprint qualifying the day before. Verstappen wins Belgian GP sprint race Full results Radio 1 DJs help preview Belgian Grand Prix
Fox News
an hour ago
- Fox News
How to watch INDYCAR at Laguna Seca: Monterey schedule, date, time, TV channels, streaming
The INDYCAR Series moves west to Monterey for the Java House Grand Prix of Monterey at WeatherTech Raceway Laguna Seca, a long-standing highlight on the schedule and one of the most scenic and demanding road courses. Keep reading for key details, including race dates, start times, TV channels, and streaming options. The Java House Grand Prix of Monterey will start at 3 p.m. ET on Sunday, July 27th, 2025. The Java House Grand Prix of Monterey will take place on the streets of Monterey, California. WeatherTech Raceway Laguna Seca is a challenging 2.238-mile (3.602 km) road course with 11 turns, including the famous "Corkscrew," with its six-story drop in a mere 450 feet that was popularized by "The Pass." The race will consist of 95 laps over 213 miles. The 2025 INDYCAR Java House Grand Prix of Monterey will be broadcast live on FOX. The 2025 INDYCAR Java House Grand Prix of Monterey will be available to be streamed live on the and the FOX Sports App. For those without cable, there are live-streaming services that carry FOX, including YouTube TV, Sling TV, Hulu + Live TV and fuboTV. If you have an antenna in a good reception area, you can also watch INDYCAR on your local FOX station. Check out the Federal Communications Commission TV reception maps to see which stations are available in your area.
