Because of existing supply lines, motor vehicle components and assemblies often crisscross the Northern and Southern borders multiple times as some models are produced. Anderson Economic Group in East Lansing had estimated that the tariffs,
Business owners in Metro Detroit have expressed concern for the ripple effect it may cause on the price of goods. SOUTHFIELD, Mich. (FOX 2) - All eyes are on Washington DC as President Donald Trump's administration vows to impose tariffs on imports from Canada and Mexico,
An exasperated D’Agnolo was reacting to U.S. president Donald Trump’s decision to give the three American automakers a 30-day pause on tariffs on Canadian and Mexican products to allow the companies to start investing, moving (equipment) and production stateside.
Lutnick said Thursday in a television interview that Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month.
GM and Stellantis would be most affected by the tariffs, given that they rely “significantly” on both Canada and Mexico for their U.S. vehicle sales.
Trump’s 25% tariffs on auto imports from Canada and Mexico hit Detroit 3 hard, threatening billions in profits and industry stability.
As a Detroit native and current resident of the city, I've had a front-row seat to what President Donald Trump's proposed tariffs are doing to U.S. relations with Canada, not to mention his recent ...
Canadian leaders have pledged retaliatory efforts against tariffs imposed by President Trump, such as blocking electricity exports.
Small business owners on either side of the Detroit River arrived at their stores to a new reality: They're in the middle of a trade war (AP video: Mike Householder)
Trump spoke with representatives of General Motors, Ford and Stellantis this week. He imposed 25% tariffs Tuesday on imports from Canada and Mexico, including vehicles. Those taxes would have eventually raised car and truck prices for Americans by thousands of dollars.