business

Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind. He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices. “The word on the … Read more

Americans hoping for some relief on inflation suffered a setback in February, as new data showed underlying price pressures intensifying even before the latest escalation in President Trump’s trade war. The Personal Consumption Expenditures price index, after stripping out volatile food and energy items, climbed 2.8 percent in February from a year earlier, outpacing January’s … Read more

Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of … Read more

new video loaded: World Leaders React to Trump’s Auto Tariffs transcript Back transcript World Leaders React to Trump’s Auto Tariffs President Trump’s announcement of 25 percent tariffs on imported cars and auto parts prompted world leaders to rebuke the decision. “It’s my solemn promise that when President Trump threatens us again, we will fight back. … Read more

President Trump and his supporters have clashed with mainstream economists for years about the merits of tariffs. Now, the world will get to see who is right, as the president’s sweeping levies on automobiles and auto parts play out in a real-time experiment on the global economy. In Mr. Trump’s telling, tariffs have a straightforward … Read more

There is no doubt the tariffs that President Trump said he would impose on imported cars, trucks and auto parts next week will raise prices by thousands of dollars for consumers. What is not clear is how soon those increases will kick in, how high they will go and which models will be affected the … Read more

The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the … Read more

President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an … Read more

President Trump will announce auto tariffs during a news conference on Wednesday afternoon, Karoline Leavitt, the White House press secretary, said during a briefing with reporters at the White House. Details of the tariffs remain unclear, including whether they will apply broadly to all imports of cars and car parts, or be more narrowly tailored. … Read more