trade Archives - Page 5 of 20

U.S. Lowers Tariffs on UK Autos, Steel After Reaching Trade Deal – But Agreement Doesn’t Bring Manufacturing to the States

by Paul Eisenstein | May 8, 2025 | *Daily News*, Aston Martin, Automakers, Bentley, BMW, Business, Deals and acquisitions, Government, Jaguar, Lamborghini, Land Rover, Lotus, McLaren, Morgan, Regulatory, Tariffs, trade

Negotiators for the U.S. and UK reached what the two sides hailed as a “historic” trade deal Thursday, leading Pres. Donald Trump to slash tariffs on British steel, autos and auto parts. Final details still have to be worked out, according to several reports, but the deal puts a 100,000-vehicle cap on British auto exports to the U.S. which falls below the numbers reported in 2024 by the UK’s largest brands, Jaguar, Land Rover and Mini. The deal does not appear to meet a key Trump goal of shifting foreign manufacturing to the U.S. More from Headlight.News.

Yugo Is Planning a Comeback. Yes, Yugo

by Paul Eisenstein | May 8, 2025 | *Daily News*, *Reviews*, Business, Consumer Guides, trade

By the time it ended its run, the name, “Yugo,” had become more of a punchline than an automotive brand. But there’s a distinct possibility that what was once the cheapest brand available in America just might be making a comeback. Headlight.News has the story.

Ford Raising Prices on Mexican-Made Products

by Paul Eisenstein | May 7, 2025 | *Daily News*, Automakers, Business, Consumer Guides, Earnings and Financials, Ford, General Motors, Government, Lincoln, Stellantis, Tariffs, trade, Volkswagen

Ford Motor Co. plans to raise prices on three popular product lines assembled in Mexico, according to an advisory sent to dealers. The automaker put the blame on the new Trump auto tariffs which, it said earlier this week, will add about $2.5 billion to its costs this year. The automaker has yet to say whether it also will raise prices on products produced at Canadian and other foreign plants, as well as those assembled in the U.S. using foreign-made parts. Headlight.News looks at whether othr products could see price hikes,

Duncan Aldred, GM’s New Head of N. America, Has a Tough Job Ahead

by Paul Eisenstein | May 6, 2025 | *Daily News*, Buick, Business, Earnings and Financials, Executives, General Motors, GMC, Tariffs, trade

General Motors has appointed veteran Duncan Aldred to run the company’s North American business operations. The British-born executive comes in at a critical time for the automaker which just warned expects to take as much as a $5 billion hit from Pres. Donald Trump’s auto tariffs. Headlight.News has more.

Auto Prices Going Up, Even Before Tariff Hit

by Paul Eisenstein | May 5, 2025 | *Daily News*, Audi, Business, Consumer Guides, Earnings and Financials, Ford, Government, Honda, Hyundai, Lamborghini, Lotus, Regulatory, Sales, Tariffs, trade

Millions of American motorists have been rushing to buy before the Trump auto tariffs take hold. But automakers and auto dealers were already driving up transaction prices even before the sanctions went into effect on May 3, despite White House claims prices won’t rise. If anything, costs are going to continue going up, reports Headlight.News.

Trump Tariffs Likely to Drive Budget Buyers Out of New Car Market – And Kill Off Half of All Entry Models

by Paul Eisenstein | May 2, 2025 | *Daily News*, Automakers, BMW, Business, Chevrolet, Consumer Guides, General Motors, Honda, Hyundai, Mercedes, Regulatory, Subaru, Tariffs, trade

If you’re a luxury buyer, Trump’s auto tariffs are likely to have little more impact than raising your monthly payment. Buyers on a tight budget are likely to be driven out of the new vehicle market, industry analysts warn, while half of the entry-level models now available in U.S. showrooms are likely to vanish. Tariffs, it turns out, will impact all motorists, even those not looking for a new vehicle, by raising costs for service and repairs – and even insurance. Headlight.News reports.

Trump Tariffs Expected to Cost GM $5 Billion as Automaker Revises 2025 Forecast

by Paul Eisenstein | May 1, 2025 | *Daily News*, Automakers, Business, Earnings and Financials, Executives, General Motors, Government, Hyundai, Kia, Mercedes, Sales, Tariffs, trade

General Motors revised its full-year financial forecast and said the auto tariffs put in place by Pres. Donald Trump could cost it as much as $5 billion this year – despite the White House move this week to offer automakers some modest relief. As a result, it expects to see sales, revenues and net income fall sharply when compared to its original forecast for 2025. More from Headlight.News.

Stellantis Suffers Another Revenue Slide – Joins Automakers Suspending Forecasts Due to Trump Tariffs

by Paul Eisenstein | Apr 30, 2025 | *Daily News*, Automakers, Business, Chrysler, Dodge, Earnings and Financials, EVs and batteries, General Motors, Government, Jeep, Mercedes, Ram, Regulatory, Tariffs, trade, Volkswagen

Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.

Trump Says Tariffs Will Bring More Auto Jobs – While Offering Automakers Tariff Relief

by Joseph Szczesny | Apr 30, 2025 | *Daily News*, Business, Earnings and Financials, Government, Sales, Tariffs, trade, Union

Protestors and proponents alike turned out during a visit by President Donald Trump to suburban Detroit. The president promised tariffs will lead to more good-paying jobs in the United States and an economic boom in the future. But he also announced steps providing tariff relief as automakers prepare for the possibility of a sharp slump in sales and earnings — as well as job cuts — in the months ahead.

Trump Expected to Cut Back Auto Tariffs

by Paul Eisenstein | Apr 29, 2025 | *Daily News*, Automakers, Business, Earnings and Financials, Ford, Government, Sales, Tariffs, trade

Pres. Donald Trump is expected to deliver good news for the auto industry during a visit to Detroit Tuesday. U.S. Commerce Secretary Howard Lutnick signaled there will be cuts made to the tariffs that were expected to result in as much as a 2 million unit reduction in new vehicle sales this year. Headlight.News has more.

Bye-Bye Buick? Trump Tariffs Could Kill this GM Brand

by Paul Eisenstein | Apr 28, 2025 | *Daily News*, Automakers, Buick, Business, Earnings and Financials, General Motors, Government, Sales, Tariffs, trade

Carmakers are scrambling to adapt to the tariffs Pres. Donald Trump has enacted, U.S. new vehicle sales estimated to drop as much as 2 million this year due to higher prices. But no brand is as vulnerable as Buick. That’s because the vast majority of the General Motors brand’s products are imported from South Korea and China.

Buy Now or Wait? Car Buyers Battered By Tariffs

by Joseph Szczesny | Apr 24, 2025 | *Daily News*, Business, Car Culture, Consumer Guides, Ford, Hyundai, Kia, Mercedes, Tariffs, trade

Trump’s tariffs are beginning to unnerve consumers as they eye purchasing new vehicles, forcing some buyers to jump off the fence and race into dealerships, while others have decided to wait out the chaos. Headlight.News has more.

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