Special series: US Tariffs
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US announces new tariff rates, delays implementation again
US president Donald Trump has again delayed tariffs on individual countries, extending the implementation deadline from today (1 August) until next week.
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US and EU reach tariff deal, industry reacts
The US and the European Union (EU) have reached a deal on tariffs, agreeing to a 15% tariff on most exports to the US, including vehicles and automotive parts.
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Trump tariffs cost GM over a billion dollars in Q2
GM has reported that tariffs on imported vehicles and automotive parts have cost it $1.1 billion in the second quarter of this year, a major contributor to its 21% drop in net income over the quarter.
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OEMs face financial losses as tariffs bite
OEMs are beginning to see the real impact of the tariffs imposed by the US, with profits and operating income for the first half of the year taking hits of billions of dollars.
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US reaches trade deal with Japan, puts 93% tariff on Chinese graphite
The US has struck a trade deal with Japan, reducing the threatened tariff rate of 25% on goods imported to the US to 15%, providing Japan invests $550 billion in the US.