• 10 things you need to know before the opening bell

    2 monthes ago - By Business Insider

    Here is what you need to know.
    Trump is reportedly considering a plan to slap tariffs on imported cars. The Wall Street Journal reported Wednesday that the Trump administration was considering a plan to impose tariffs on imported cars by undergoing an investigation through Section 232 of the Trade Expansion Act, which allows the president to impose trade restrictions on the grounds of national security.
    Italy has a new prime minister. Giuseppe Conte, a law professor without any political affiliation, was named Italy's prime minister by the antiestablishment Five Star Movement and the...
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  • Car imports probe gives GM, Ford shares tiny lift

    Car imports probe gives GM, Ford shares tiny lift

    2 monthes ago - By Reuters

    Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.
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  • Stock futures flat as auto tariff threat dulls Fed optimism

    2 monthes ago - By Reuters

    Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street's main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
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  • Global stocks subdued as US mulls auto import tariffs

    2 monthes ago - By Chron

    BANGKOK - World stock markets were subdued Thursday as carmakers' shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts.
    KEEPING SCORE: Germany's DAX was flat at 12,975 and the CAC 40 in France rose 0.4 percent to 5,589. The FTSE 100 in Britain was down 0.1 percent at 7,782. Futures for the S&P 500 were flat while the Dow futures edged down less than 0.1 percent.
    TRUMP ON TRADE: China, Japan and the European Union condemned the Trump administration's decision to launch an investigation into whether tariffs are needed on...
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  • The Latest: EU says US car tariffs would break trade rules

    The Latest: EU says US car tariffs would break trade rules

    2 monthes ago - By Stl Today

    WASHINGTON - The Latest on the Trump administration's interest in putting tariffs on auto imports :
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  • Protests worldwide against US idea of auto import tariffs

    2 monthes ago - By Chron

    BEIJING - China, Japan and the European Union condemned Thursday the Trump administration's decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States.
    President Donald Trump invoked a provision authorizing the president to restrict imports and impose unlimited tariffs on national security grounds.
    The move is seen as an effort to gain a bargaining chip in stalled talks with Canada and Mexico over the North American Free Trade Agreement.
    Mexico is the top exporter of passenger vehicles and light trucks to the U.S...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    2 monthes ago - By Business Insider

    Here is what you need to know.
    Trump is reportedly considering a plan to slap tariffs on imported cars. The Wall Street Journal reported Wednesday that the Trump administration is considering a plan to impose tariffs on imported cars by undergoing an investigation through Section 232 of the Trade Expansion Act, which allows the president to impose trade restrictions on the grounds of national security.
    Italy has a new prime minister. Giuseppe Conte, a law professor without any political affiliation, was named Italy's prime minister by the anti-establishment 5-Star Movement and the...
    Read more ...

     

  • Trump Is Pushing for Massive Auto Import Tariffs. Now Car Manufacturer Stocks Are Tumbling

    2 monthes ago - By Fortune

    President Donald Trump wants to impose heavy tariffs on car imports, and European and Asian automakers' stocks are tumbling.
    In European early Thursday trading, Volkswagen vlkay fell by 2%, BMW bmwyy by 3%, Daimler ddaif by 2.9%, Peugeot pugoy by 0.8%, and Renault rnsdf by 1.1%. In Japan and South Korea, Nissan nsany fell by 1.8%, Toyota tm by 3%, and Hyundai hymtf by 3.1%.
    “There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry,” U.S. Commerce Secretary Wilbur Ross said Wednesday.
    The tariffs of up to 25% may be levied under national...
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