Justin Sullivan/Getty Images President Donald Trump announced a new import tax on foreign-made cars in an escalation of his tariff-based trade policies that have shaken up the economy in recent weeks.

This trend continued in the first two months of 2025. Chinese customs figures showed that the trade value of passenger cars sent to Russia dropped 48.8 per cent to US$749.9 million year on year ...

With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic. By Ana Swanson Ana Swanson is based in Washington ...

The move will raise the average price of cars between $5,000 on the low end and $10,000-$15,000 on the high end, the firm tells investors in a research note. Wedbush believes every auto maker in ...

The tariffs will mark “the beginning of the end of a thirty-plus year ‘free trade’ disaster,” UAW ... race to the bottom across borders in the auto industry.” UAW put “free trade ...

But he gave few details on how that would work. “On average, auto parts cross the border six times before final assembly. In a trade war, that’s a huge vulnerability,” Carney said Wednesday ...

Carney said he hadn't decided what steps Canada might take if Trump proceeds with his plan to impose 25% tariffs on imported cars and light trucks. Canadian Prime Minister Mark Carney said on ...

(Photo by AFP) MEXICO City, Mexico — US President Donald Trump’s tariffs on imported cars strike at the heart of a North American free trade agreement (NAFTA), threatening to disrupt supply ...