Economy
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Auto experts say tariffs will push all vehicle prices up
"Automakers and their suppliers are often multinational companies with facilities spread out across the world, making it difficult to discern how much of a vehicle is domestically produced," says Dr. K. Venkatesh Prasad, senior vice president of research and chief innovation officer at CAR.
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You Vote: With the volatility in the stock market, how concerned are you about your investments?
The stock market has primarily seen a decline over the past week, after Trump announced steep tariffs on some of the U.S.'s trading partners. But it saw an increase on Wednesday after the president paused some of those tariffs for 90 days.
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US inflation dropped to six-month low in March, Labor Department reports
The inflation rate from February to last month dropped 0.1%.
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Global markets, US futures plunge, as Trump's tariffs continue to shake investors
Israeli Prime Minister Benjamin Netanyahu is set to meet with Trump Monday to negotiate a new tariff deal.
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Jaguar Land Rover announces shipment pause to US due to Trump's tariff actions
Trump has said the U.S. is implementing a 25% tax on vehicle imports.
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Trump says Vietnam seeks deal to eliminate president's recently imposed tariffs
Trump said he looked forward to meeting with To Lam in the future, but did not give a specific date.
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Stock markets open with Dow down more than 1,000 points, after China's 34% tariff on US imports
The Dow closed Thursday down more than 1,600 points
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Labor Department reports 228K jobs added in March to US economy, nearly double expectations
The department's Bureau of Labor Statistics also reports the unemployment rate for last month was 4.2%, up slightly from February.
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Ford announces lower model prices following Trump's 25% tariffs on non-American-made vehicles
The automobile manufacturer is offering what it coined a “handshake deal with every American,” one day following the imposition of 25% tariffs on non-American-made vehicles.
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US financial markets opens with sharp drops after Trump's big tariffs announcement
As of Thursday, the Dow Jones Industrial Average is down 1150 points.
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You Vote: Do you approve of President Trump's 'Liberation Day' plan regarding tariffs?
Trump vowed the reciprocal tariffs will tilt global commerce back to America's advantage after decades of trade deficits.
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'Liberation Day': Trump to announce tariff plans in Rose Garden spectacle
Ahead of the Rose Garden event, moreover, he unveiled a 25% tariff on auto imports that earned praise from union workers, including from United Auto Workers (UAW) leaders who, hewing to political tradition, opposed his candidacy.
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Israel moves to drop all tariffs on U.S. imports ahead of Trump tariff moves
“The goal of the move is to promote a zero-tariff policy between the countries and maintain positive trade relations with the US,” he added.