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Trump Grants One-Month Tariff Exemption for US Automakers

President Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.

March 5, 2025

Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group  has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.

March 5, 2025

Trump to Decide on Canada, Mexico Relief Today, Lutnick Says

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.

March 5, 2025

Continental to Pass Along Tariff Costs to Customers

Continental AG will try to pass on the cost of tariffs imposed by President Donald Trump to its customers, according to the German parts maker’s finance chief.

March 4, 2025

Canada Responds, Puts Tariffs on $107 Billion of US Products

Canada announced a package of counter-tariffs against U.S. products after President Donald Trump confirmed that his administration will go ahead with levies against Canada and Mexico.

March 4, 2025

Trump Says Tariffs on Foreign Farm Goods Start April 2

The president did not clarify if this plan is part of a previously announced effort to enact so-called “reciprocal” tariffs on nearly all U.S. trading partners.

March 3, 2025

Tariffs Could Raise US Car Prices by Up to $12,000

Tariffs of 25% on imports from Canada and Mexico threaten to exacerbate an automotive affordability crisis that is already driving buyers out of the market.

March 3, 2025

Tariffs and Rising Costs Challenge US Factories

The Institute for Supply Management’s manufacturing index slipped by 0.6 point in February to 50.3, according to data released March 3. Readings above 50 indicate growth.

March 3, 2025

Trump Set to Proceed With Tariffs on Canada, Mexico, China

The long-promised tariffs scheduled to take effect March 4 would easily be among the most sweeping of the Trump era, applying to roughly $1.5 trillion in annual imports.

March 3, 2025