Trump’s tariffs could cost U.S. automakers $188B
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry.
I’m...
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
Trump’s Tariffs
Toyota sees global sales climb 2.2% in August despite drop in Japan
On the Dash:
Toyota’s worldwide vehicle sales increased 2.2% in August, marking eight consecutive months of global growth.
Domestic sales in Japan declined 12.1% due to supply disruptions, while sales...
Volvo to ramp up U.S. production at South Carolina plant amid Trump tariffs
On the Dash:
Volvo will begin U.S. production of its XC60 SUV in 2025 to avoid Trump’s 15% import tariff and support tariff-free exports to Europe.
The Ridgeville plant, running...
South Korea says $350B cash pledge to U.S. is not feasible
On the Dash:Â
South Korea cannot meet the $350 billion cash demand under the U.S.–South Korea trade pact, citing financial limits.
Seoul is seeking alternatives, including loans and a currency...
China to require export licenses for EVs starting in 2026
On the Dash:
China will require export licenses for EVs starting in 2026, limiting applications to automakers and authorized firms.
The move targets unregulated traders whose exports have hurt...
U.S. lowers EU auto tariffs to 15%, easing trade tensions
On the Dash:
U.S. auto tariffs on EU imports lowered to 15%, retroactive to Aug. 1, easing costs for automakers.
European carmakers saw stock gains, with Porsche jumping nearly 4%...
White House defends the president’s power to impose sweeping tariffs
On the Dash:
The Trump administration argues that under the International Emergency Economic Powers Act (IEEPA), the president has the authority to impose extensive tariffs during national emergencies to address...
U.S. cuts tariffs on Japanese autos to 15% under trade deal
On the Dash:
U.S. tariffs on Japanese automobiles and auto parts drop from 27.5% to 15% starting Tuesday, following President Trump’s executive order.
The move protects a major component of...
Mexico plans tariffs of up to 50% on Chinese cars, aligning with U.S. trade stance
On the Dash:Â
Mexico plans to impose tariffs of up to 50% on Chinese and other Asian imports, including cars and auto parts, to protect local industry and align with...
Volkswagen weighs major U.S. investment as tariffs bite into earnings
On the Dash:
Volkswagen is in advanced talks with the U.S. government about major investments, including a possible Audi plant, to expand its local presence and offset steep tariffs on...
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