Latest news with #autoTariffs
Bloomberg
3 days ago
- Business
- Bloomberg
India Challenges US on Auto Tariffs in Toughening Trade Stance
India on Tuesday formally challenged the US on higher auto tariffs by raising the matter with the World Trade Organization, signaling a hardening of the South Asian nation's stance on trade talks even as the two countries race to clinch an interim deal before July. New Delhi informed the WTO that the 25% US tariffs on imports of passenger vehicles and light trucks along with certain auto components are 'safeguard measures' — trade restrictions — and affect its exporters, according to a notification. India has sought 'consultation' with Washington on the tariffs.
CBC
22-05-2025
- Automotive
- CBC
Stellantis postpones Canadian-made 2026 Dodge Charger R/T model amid tariffs
Automaker Stellantis has announced it is postponing production of a Windsor, Ont.,-made Dodge Charger model in light of U.S. president Donald Trump's auto tariffs. In a statement, Dodge CEO Matt McAlear said the change would affect the 2026 model year of the Dodge Charger Daytona R/T, the base model of its EV muscle car. McAlear said the decision was made "as we continue to assess the effects of U.S. tariff policies." The vehicles are made at the Windsor Assembly Plant, which employs roughly 4,500 people in the Windsor, Ont., area. There have been several shutdowns at the facility since the trade war between Canada and the United States began earlier this year. Most recently, the company announced in early May there would be a mix of shutdowns, reduced hours and full production over 12 weeks — a change the company did not attribute to tariffs. The facility is best known for producing Chrysler Pacifica minivans. Last December, production began on electric Dodge Charger models. The company says it plans to add a four-door Charger model in 2026, and add another new model in the second half of 2026.
Yahoo
18-05-2025
- Automotive
- Yahoo
U.S. Allies Are Still Waiting for Tariff Relief Even After Speedy China Truce
Talks with Japan, South Korea and the European Union have bogged down over auto tariffs and the U.S. reneging on past deals.
CBC
12-05-2025
- Automotive
- CBC
B.C. man speaks out after buying used car with rolled-back odometer
A B.C. man is warning others after discovering the used Subaru he purchased for his growing family had its odometer rolled back tens of thousands of kilometres. Experts say odometer fraud is on the rise, and that growing demand for used cars prompted by U.S. auto tariffs could make it worse.
Japan Times
11-05-2025
- Automotive
- Japan Times
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
Prime Minister Shigeru Ishiba stressed Sunday that Japan will continue to demand that the United States abolish auto tariffs. Appearing in a TV program on Sunday, Ishiba said an agreement between Washington and London to set a 10% low-tariff quota for British vehicle exports to the U.S. is "one model," but said that Japan will stick to its stance of asking for complete removal of U.S. auto levies, arguing that Japan's trade and investment situations are different from those of the U.K. The U.S,-U.K. deal "is one way (of reaching a deal), but the U.K.'s (U.S.-bound annual auto exports) are only about 100,000 units," Ishiba said. "We will persistently ask for abolition (of tariffs) ... (Japanese companies are) investing in the U.S. and creating jobs. If Japan's auto industry is battered, they won't be able to make investments in the U.S." Ishiba also said that Japan will not sacrifice the agriculture sector for the sake of supporting the auto industry in the trade talks with the U.S. Stay updated on the trade wars. Quality journalism is more crucial than ever. Help us get the story right. For a limited time, we're offering a discounted subscription plan. Unlimited access US$30 US$18 /mo FOREVER subscribe NOW While admitting that expanding rice imports is an option, he said it should be done on the premise of reforming the rice policy's structure itself. The Japanese prime minister took a positive stance toward increasing corn imports. While the 90-day suspension of the country-specific additions to the U.S. reciprocal tariffs is set to expire on July 9, Ishiba said this doesn't mean that Japan should make unreasonable compromises to reach an agreement before that date. Japanese government officials find the U.S.-U.K. agreement alarming. The U.S. agreed to lower its import levies on British vehicles to 10% from the current 27.5% for up to 100,000 units per year — roughly equivalent to Britain's total auto exports to the U.S. in 2024. Meanwhile, Japan's auto exports to the U.S. totaled 1.38 million units that year, according to the Finance Ministry's trade statistics. "It's not appropriate to apply the same rules as Britain — which exports a smaller amount of vehicles — to Japan," a senior official at the Japanese industry ministry said. A senior official at a Japanese government economic agency, meanwhile, was clear: "We don't want to rush to make Britain the model." The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value. On Thursday, Toyota said that its operating profit is estimated to decrease by ¥180 billion ($1.24 billion) in April and May alone due to the U.S. tariffs. "Japanese companies are losing money day by day," said economic revitalization minister Ryosei Akazawa, the country's chief negotiator in the tariffs talks with the U.S. Some Japanese government officials are calling for compromises. "It's one idea to create a low-tariff import quota rather than leaving high tariffs unchanged," said a senior official at another Japanese government economic agency. But a Japanese government official said, "It will be difficult to secure an auto import quota acceptable to Japan," even if the two sides agree to discuss such a quota. Ishiba remained cautious regarding calls from within the ruling Liberal Democratic Party for a consumption tax cut to support the domestic economy, saying, "What will happen to the nation's finances? I wonder if it is alright (to cut taxes altogether) for people in need and those who aren't. There must be another way to strongly support those who are truly in need." Translated by The Japan Times
