Employees at a clothing factory in Vo Cuong, Bac Ninh province, in Vietnam. SeongJoon Cho/Bloomberg via Getty Images The Trump administration’s plan to slap steep tariffs on goods from dozens of countries is expected to spike prices for consumers. Some items, like leather goods, will see a bigger jump than others. The overall impact on… Continue reading 20 items and goods most exposed to price shocks from Trump tariffs
Author: CNBC Online news
Price hikes, layoffs and import fees: How car giants are reacting to Trump’s tariffs
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant. Picture Alliance | Picture Alliance | Getty Images Auto giants have responded to U.S. President Donald Trump‘s tariffs by announcing plans to raise prices, impose import fees, pause production and even lay off staff. As part of plans designed… Continue reading Price hikes, layoffs and import fees: How car giants are reacting to Trump’s tariffs
Stellantis idles plants in Mexico and Canada due to tariffs
The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump‘s new round of 25% automotive tariffs, the company confirmed Thursday. The actions are… Continue reading Stellantis idles plants in Mexico and Canada due to tariffs
Trump’s 25% auto tariffs are in effect. What investors need to know
Vehicles seen on the lot of a Ford auto dealership in Montebello, California on April 1, 2025. Frederic J. Brown | Afp | Getty Images DETROIT — President Donald Trump‘s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry… Continue reading Trump’s 25% auto tariffs are in effect. What investors need to know
Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now
The Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Bloomberg | Getty Images Shares of some of the world’s biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump’s 25% tariffs on foreign auto imports came into effect. Germany’s Volkswagen, Mercedes-Benz Group and BMW were… Continue reading Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now
Xiaomi delivers record cars in March as winners emerge in China’s EV race
A Xiaomi store in Shanghai, China, on March 16, 2025. Qilai Shen/Bloomberg | Bloomberg | Getty Images Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors. It’s a sign of how some automakers are pulling ahead, while BYD remains the… Continue reading Xiaomi delivers record cars in March as winners emerge in China’s EV race
Tesla reports 13% drop in first-quarter vehicle deliveries from a year ago
General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025. Kena Betancur | Getty Images Tesla reported 336,681 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. The company’s shares closed… Continue reading Tesla reports 13% drop in first-quarter vehicle deliveries from a year ago
Tesla China-made EV sales fall 11.5% in March as competition rises
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in… Continue reading Tesla China-made EV sales fall 11.5% in March as competition rises
‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s tariffs on auto imports is expected to hit hard for car brands and countries around the world, with economists warning a small landlocked nation in… Continue reading ‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs
GM’s first-quarter U.S. vehicle sales lead industry as automakers braces for tariffs
SUVs at a Chevrolet dealership in Oshawa, ON. Rene Johnston | Toronto Star | Getty Images General Motors and other automakers reported notable increases in their first-quarter U.S. vehicle sales, as the automotive industry braces for the impacts of President Donald Trump‘s auto tariffs that are set to take effect this week. GM on Tuesday… Continue reading GM’s first-quarter U.S. vehicle sales lead industry as automakers braces for tariffs