Latest news with #foreignCars
E&E News
6 hours ago
- Automotive
- E&E News
Trump may have to choose: Make trade deals or keep car tariffs
President Donald Trump is telling domestic audiences he won't cut his 25 percent tariffs on foreign cars as part of any trade deals he negotiates. But other countries — who collectively send millions of vehicles to the U.S. each year — haven't gotten that message. Trading partners like the EU, Japan and South Korea are laboring under the impression that the auto tariffs, which Trump imposed in April, are still on the table, according to two people familiar with the talks between Trump officials and those countries, granted anonymity to discuss private conversations. If Trump is really unwilling to lower or eliminate his tariffs on foreign cars, it could prove to be a major hurdle to securing meaningful trade deals with some of the country's top trading partners. Japan, South Korea and Germany sold more than $121 billion in cars and car parts in the U.S. in 2024. Advertisement The White House did not answer when asked if auto tariffs were on the table for negotiations and instead reiterated the goal of the tariffs.
Yahoo
13-05-2025
- Automotive
- Yahoo
Honda Guides for Lower Profit Amid Auto Tariff Headwind
The carmaker projected a sharp drop in profit as it expects to be hit by higher U.S. tariffs on foreign-made cars.
