Latest news with #autoindustry
CTV News
38 minutes ago
- Automotive
- CTV News
CTV National News: What does Japan's tariff deal with the U.S. mean for Canada?
Watch A Canadian auto industry expert says it would be unreasonable for Canada to have a trade agreement with the U.S. worse than Japan's. Abigail Bimman explains.
Bloomberg
9 hours ago
- Automotive
- Bloomberg
The High Costs of Trump's ‘Big Beautiful' New Car Loan Deduction
On July 4, US President Donald Trump signed the $3.4 trillion fiscal package that is a cornerstone of his legislative agenda. The sweeping 'One Big Beautiful Bill Act' contains a plethora of tax cuts that largely benefit the wealthiest Americans while ramping up border security, nixing clean energy subsidies and slashing Medicaid. Within the 330 pages of this megabill is a provision presented as aid to the $1.6 trillion US auto industry. For the first time, Americans will be able to deduct interest payments on new car loans when calculating their taxes.
France 24
15 hours ago
- Automotive
- France 24
US and Japan strike trade deal, avoiding Trump's threat of 25% tariffs
05:52 From the show Reading time 1 min After months of negotiations, the US has reached a trade deal with Japan. US President Donald Trump celebrated the agreement on tariffs in a social media post, while Japan's Prime Minister Shigeru Ishiba hailed the deal, which sets duties on Japanese exports to the US at a rate of 15 percent. In this edition, we look at what exactly has been announced by both sides and what it means for Japan's auto sector, which is responsible for a quarter of all exports to the US.
Wall Street Journal
15 hours ago
- Automotive
- Wall Street Journal
European Carmakers Trade Higher on Hopes of Tariff Agreement
Shares in European carmakers gained in early trading after a U.S. tariff agreement with Japan sparked optimism for the auto industry. President Trump wrote in a social-media post on Tuesday that he would set reciprocal tariffs at 15% for Japan. Levies on autos would also be lowered to 15% from their current 25%, Tokyo's chief trade negotiator said, a development that lifted Asian auto stocks.
CNA
18 hours ago
- Automotive
- CNA
How China's push to tighten assisted-driving rules could impact its auto industry
Scroll up for the next video X How China's push to tighten assisted-driving rules could impact its auto industry
