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China will suspend the additional 25% tariff imposed on U.S. auto imports for three months starting Jan. 1, the Chinese Finance Ministry announced Friday.
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BMW and Volkswagen are considering plans to expand U.S. production following a Dec. 4 meeting with President Trump at the White House.
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President Donald Trump ordered U.S. Trade Representative Robert Lighthizer to "examine all available tools to equalize the tariffs applied to automobiles" built here and sold in China, Lighthizer said, describing China's 25% hike on American imports as "egregious."
Read More →General Motors said many of its workers impacted by the recent car production cuts will have the opportunity to shift to other GM plants after President Donald Trump threatened to cut subsidies for the automaker following its decision to cease production at five of its assembly plants.
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President Donald Trump is "not ready to act" on threatened auto import tariffs following a Tuesday meeting with his top trade advisers, an anonymous source told Bloomberg.
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General Motors has proposed a national mandate that would require that 25% of the vehicles sold by manufacturers in 2030 would be zero-emission vehicles, according to comments submitted as part of President Trump's plan to roll back fuel economy standards.
Read More →President Trump is lifting a ban on sales of gasoline blended with 15% ethanol, which would allow year-round sales of gasoline that was previously unavailable during the summer season.
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Fiat Chrysler Automobiles and Ford Motor Co. came out against President Trump's bid to relax strict fuel economy standards approved during the Obama administration, but said the initial rules didn't consider increasingly popular utility sales and continuing lower fuel prices.
Read More →Federal agencies will take public input on the Trump administration's plan to relax fuel economy standards at three hearings later this month, according to the National Highway Traffic Safety Administration (NHTSA).
Read More →President Donald Trump's threat to impose tariffs on foreign vehicles may not come to pass, after Commerce Secretary Wilbur Ross said it's "premature" to say the plan will move forward in a Monday appearance on CNBC.
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