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Cody Lusk

Broad-based Auto Tariffs Could Be Devastating to Economy – Cody...

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Cody Lusk, President, and CEO of the American International Automobile Dealers Association joins CBT Automotive Network to talk about the on-going trade war with the U.S., Mexico, Canada, and the EU and how it will affect automotive dealers, manufacturers, and the American economy. When CBT News last spoke with Cody Lusk, the auto industry was waiting in […]
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Tariffs

Automakers Bracing for Potentially ‘Devastating’ Tariff Consequences

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In addition to Daimler AG, other automobile makers have now spoken out against President Donald Trump’s proposed tariffs. A Bloomberg article published on July 1, 2018 reported that BMW, Ford, and Tesla are additional automakers who may find the tariffs to be devastating. Wang Rongzhen, an executive of Yan’an Jinchi Feike Auto Sales and Service […]
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Daimler

Daimler Profit Projections Lowered with Escalating Trade Tariffs

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Mercedes Benz’s parent company, Daimler, has reported that the escalating trade war between the United States and China is the reason they have cut its profit forecast. This statement comes after the announcement that each country will implement new tariffs beginning on July 6. These include the U.S.’s 25% tariffs on $50 billion worth of […]
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Trumps Tariffs

Studies Find Trump Auto Tariffs Will Cut into Economy

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The Trump administration is considering a tariff increase to 25 percent on imported vehicles and auto parts intended to bolster the domestic auto industry, however two new studies have predicted that the damage from a stiff tariff on auto imports will impact the US economy more than it will help. Discussion into the tariff on […]
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Aiada

Cody Lusk, AIADA President and Brad Strong AIADA Chairman On...

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On Friday, the Trump administration placed tariffs on all imported Steel and Aluminum from Mexico, Canada, and the EU. To talk more about how the automotive industry can be directly impacted, CBT News is joined by Cody Lusk, AIADA president, and Brad Strong AIADA chairman. After the news broke that tariffs were being placed on […]
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