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Escalating Tariff Threats Still Loom Over U.S.-China Trade Deal

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Last week, President Donald Trump fulfilled his promise of raising tariffs on China from 10% to 25% on about $200 billion of Chinese goods. Trump has made it clear that he is a “tariff man” and thinks they are a great tool to use in the fight for a stronger economy and better trade deals. […]
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tariffs

Cody Lusk & Chairman Howard Hakes of AIADA Talk Tariffs, Trends,...

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On today’s special edition of CBT News, we’re happy to have Cody Lusk, President and CEO of the AIADA and the newly installed 2019 chairman, Howard Hakes. Cody and Howard discuss challenges facing the auto retail industry, including tariffs, consumer confidence, and trade. VIDEO TRANSCRIPT: Jim Fitzpatrick: Thank you, gentlemen, for joining us on CBT […]
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tariffs

Three Ways a 25 Percent Tariff Hike Could Impact Dealers and...

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Many are wondering what the markets have in store for automakers, dealers, and car buyers in 2019. While there are many factors at play, the picture is not complete without looking at the role the Federal Government plays. One of the main issues many analysts, automakers, and other main players are keeping an eye on […]
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Automakers Begin Taking Action After Tariff Implementation

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Corporations are already taking action to mitigate potential negative effects of the tit-for-tat tariffs being imposed globally, including automakers in China. This comes after the United States imposed 25% duties on $34 billion worth of Chinese goods, to which China responded by slapping a 40% levy on American-made automobiles and causing automakers, including Tesla, to […]
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Tariffs

Trump’s Tariffs Have the World on Edge As Trade-War Looms

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A BBC News article published on June 1, 2018 reported that the United States is playing a “dangerous game” when it comes to the tariffs imposed on steel and aluminum from Canada, Mexico, Japan, and the European Union. Of course, the United States has already separately imposed tariffs on Chinese goods such as agricultural resources, […]
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How Tariffs on Steel and Aluminum Could Impact Dealers and Buyers...

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  On today's CBT Newscast for Tuesday, March 6th, 2018: Cody Lusk: Trump’s Tariffs would increase costs.  It’s “short sided approach” Cody Lusk, President of the American...