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U.S.-Mexico Agreement

Auto Industry Gains a Slight Sense of Hope After U.S.-Mexico...

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After months of fear and apprehension regarding U.S. President Donald Trump’s tariff threats against other countries, a White House news release published on Monday reported that the U.S. and Mexico had made a preliminary agreement that will allegedly work to drastically decrease the U.S.’s trade deficit and “replace unfair deals with free, fair, and reciprocal […]
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EU

Auto Industry Relieved after Tariff Truce With EU

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The U.S. Automotive Industry breathed a collective sigh of relief late Wednesday after news that Donald Trump had decided to ease moving forward in a major trade war with the European Union. In a joint press conference at the White House Rose Garden, Trump and European Commission president Jean-Claude Juncker made the announcement to work […]
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Peter Welch

NADA President Peter Welch Talks About the Impact of Trump’s...

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Tariffs put in place by the Trump Administration went into effect last week. To talk about the impact these tariffs will have on the auto industry, National Automobile Dealers Association President  Peter Welch joins the CBT News Network. During our interview with Welch, we learned that there are many levels and different types of tariffs. […]
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Tariffs

Tensions Intensify as Tariffs Take Effect

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As promised by both countries, the United States and China have each implemented $34 billion in tariffs on goods. Bloomberg News has now reported that U.S. President Donald Trump is threatening to impose new tariffs on every import from China. Overall, this could amount to over 500 billion dollars. Throughout his presidency, Trump has continuously […]
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EU tariffs

EU Auto Tariff Threats Causing a Firestorm of Fury

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President Donald Trump has certainly shaken up the automotive industry with his proposed 20% tariffs on automobiles assembled in the European Union (EU) if the group does not remove “barriers” to United States goods. According to Richard Bravo of Bloomberg, the EU has provided warnings of “severe disruption” should Trump carry out his tariff threats. […]
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Carmakers Want Trump to Work with California to Set Emissions...

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Carmakers Want Trump to Work with California to Set Emissions Standards During a meeting with President Trump in May, a group of automotive industry executives requested the Trump administration work with California to establish new air quality regulations. What makes the request so remarkable is that automakers and California pollution regulators have been at odds […]
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Nada

Peter Welch, NADA President and CEO On Trump’s Steel and...

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The automotive industry is feeling a little uneasy since it was announced last week that President Donald Trump has placed a tariff on both steel and aluminum. The news breaks around the same time that the automotive industry sees record numbers in both sales and overall performance. To Learn more about how the President’s rule […]
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Trump

Canada Retaliates to Trump Trade Tariffs

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The largest trading partner with the United States, Canada, has swiftly promised to match tariffs placed on steel and aluminum imports. As an exemption for weighty tariffs expired on May 31st and a NAFTA agreement vaporized with a last-minute sunset clause, it appears a trade war is all but certain with America’s closest neighbor. Without […]
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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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auto sales

Despite Trump Uncertainty, So Far, So Good For Auto Sales

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In a recent Forbes.com article, Despite Trump Uncertainty, So Far, So Good for Auto Sales, Nariman Behravesh, Chief Economist for IHS Markit, said GDP growth should increase this year and that in turn should support strong auto sales. His comments came at the J.D. Power/NADA Automotive Forum in New York City. Behravesh also said investors […]
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