Trade tensions on the rise Archives - Just Auto
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Trade tensions on the rise

Trump rejects EU offer for no auto tariffs

Trump rejects EU offer for no auto tariffs

US President Donald Trump appears to have rejected overtures from the EU aimed at removing tariffs on automotive products traded between the US and EU. Trump made the remarks, which will reignite concerns over the potential impact of rising EU-US trade tensions on European automotive firms, in an interview with Bloomberg.

US and Mexico reach trade accord

US and Mexico reach trade accord

The US and Mexico have announced they have reached agreement in trade negotiations that are part of an effort to revamp the NAFTA trade agreement. However, Canada  - the third participant in NAFTA - is yet to agree to the new rules.

US import tariffs ‘terrify me’ – VDA chief

US import tariffs ‘terrify me’ – VDA chief

Bernhard Mattes, President of the German Association of the Automotive Industry (VDA), has warned the US government that US import tariffs would harm US competiveness 'with severe negative effects on investment and employment in the US'.

Linamar CEO tears into tariffs

The CEO of Canadian automotive components supplier Linamar has warned that the North American auto industry is potentially facing a crisis that will 'make 2009 look like a walk in…

Tesla hikes China prices

Tesla raised prices on its Model X and S cars by over US$20,000 in China, according to media reports. Reuters said the raise, reported by automotive news website Electrek on Monday,…