The U.S. International Trade Commission voted to have current tariffs on imported passenger vehicle tires and light truck tires from China to remain in place.
Ford Motor Co. would feel a "significant impact" if the Trump administration imposes a tariff on cars, engines, and other automotive components it imports from Mexico, a top executive has told investors.
Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
It didn't take long for tariffs to be implemented after the International Trade Commission reversed its stance on imported tires from China. As of Feb. 15, new tires from China are being subjected to tariffs.
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.
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."
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.
Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
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.
A team of Retread Instead supporters participated in this year’s Tire Industry Association-sponsored Federal Lobby day educating legislators on the economic benefits of tire retreads compared to cheap foreign options.
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