Trump, Tariff
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NBC News |
President Donald Trump’s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry will play out over the months...
Reuters |
"There are no plans to raise prices in the United States at this time."
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Fellows expect customers would notice the price boosts about two to four weeks after the tariff goes into effect.
Welcome back to Critical Materials, your daily roundup for all things electric and tech in the automotive space. Dealers might wake up to an unsettling email in their inbox from Hyundai corporate this morning. Plus, U.S. auto buyers could start to feel the effects of tariffs in May, and Elon Musk is preparing to depart from DOGE. Let's jump in.
Some Americans have rushed to buy cars ahead of potential price hikes tied to Trump's tariffs. Experts share advice on whether buying now is the right move.
The White House says President Trump's trade policy will come to a head on April 2, when the administration unveils a plan for reciprocal tariffs. Why it matters: The new tariff regime will take aim at trading partners that officials believe treat domestic exporters unfairly.
UK government mulls response to Trump's tariffs as global markets slide The UK is braced for more market chaos on Friday as the government considers its
President Trump says the goal of his tariffs − resuscitating U.S. manufacturing's glory days − will be worth the turmoil. Experts are skeptical.