Etiqueta: Tariffs

U.S. President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday and declared that they would remain in place until a national emergency over the drug fentanyl and illegal immigration to the U.S. ends.

The new levies on America’s top trade partners could drive prices higher for cars, electronics, lumber and more, threatening to crimp an economy that the president has vowed to improve.

President Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico starting tomorrow, February 1, accompanied by a 10% tariff imposed against China. Key US imports from Canada include industrial supplies — oil (CL=F, BZ=F), lumber (LBR=F), aluminum (ALI=F) — with many American consumers now facing rising gasoline (RB=F) prices and higher grocery bills. The auto industry and car parts suppliers will be hit significantly by the tariffs imposed on Mexican imports. Watch the video above to hear Market Domination hosts Josh Lipton and Julie Hyman further explore the potential economic impacts and how these tariffs could affect consumers and industries across the US. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

Tesla, Inc. reported disappointing fourth-quarter earnings for 2024, highlighting the increasing challenges it faces from competitors, particularly BYD Company…

The Chinese carmaker is building a plant in Subang, West Java, which is due to open by the end of 2025 and is importing vehicles tariff free until then

Toyota Motor Corp. group retains its crown as the world's biggest automaker by sales volume for the fifth consecutive year in 2024, helped by robust sales of hybrid vehicles, according to data it released.

The European Commission can take a better route than imposing countervailing duties on Chinese electric vehicles

BYD, the world's largest EV manufacturer, is moving forward with plans to build a manufacturing plant in Mexico despite the country's ongoing trade friction with the US. This decision signals a wider strategy to embed Chinese influence in Mexico's energy infrastructure, given BYD's potential to dominate the market.

U.S. President Joe Biden unveiled steep tariff increases this month on an array of Chinese imports that include a quadrupling duties on EVs to over 100 percent and doubling the duties on semiconductor tariffs to 50 percent.

The BYD Shark plug-in hybrid pickup truck is being exported to many countries around the world but not to the US -- yet.