Tag Archives: Ford

Independent: Backstabbed US auto companies blast Trump’s trade deal with Britain

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America’s automakers have strafed President Donald Trump’s “big beautiful” tentative trade deal with the U.K.

Ford, GM and Stallantis complained the “deal,” which hasn’t yet been officially agreed to, will actually hurt U.S. automakers by putting them at a competitive disadvantage with British companies.

Under the deal, Britain can send a quota of 100,000 cars annually to the U.S. with a 10 percent tariffs (amounts over that level will face 27.5 percent tariffs). Steel exports will be tariff free.

The U.S. carmakers said their vehicles produced in Canada and Mexico, or produced with parts from those countries or with steel from those countries, continue to face devastating 25 percent tariffs.

Backstabbed US auto companies blast Trump’s trade deal with Britain
Backstabbed US auto companies blast Trump’s trade deal with Britain – Trump has put American automakers at a disadvantage with their British competitors, they complain

https://www.msn.com/en-us/money/companies/backstabbed-us-auto-companies-blast-trump-s-trade-deal-with-britain/ar-AA1Evtyt

BBC: Tariffs on car parts entering the US come into force

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A 25% import tax on engines, transmissions and other key car parts has come into force in the US, raising pressure on an industry finding its way through a thicket of policy changes.

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The US president has said the new tariff, along with a 25% import tax on cars that went into effect last month, is intended to push carmakers to do more manufacturing in the US.

But analysts said any immediate expansions in the US were likely to come at the expense of production elsewhere, while also leading to higher costs for the businesses – and ultimately higher prices for customers.

“American made” cars still rely on foreign-made parts — we’re screwed by these tariffs either way.

Tariffs on car parts entering the US come into force

https://www.msn.com/en-us/money/markets/tariffs-on-car-parts-entering-the-us-come-into-force/ar-AA1E5k8b

More here:

The White House says tariffs won’t make car buying more expensive. Top automakers don’t sound as sure.
Despite the White House’s statements, Ford’s top executive recently said he could not promise consumers wouldn’t pay more.

https://www.msn.com/en-us/news/other/the-white-house-says-tariffs-won-t-make-car-buying-more-expensive-top-automakers-don-t-sound-as-sure/ar-AA1E3BLQ