Harley-Davidson to move some production out of U.S. to avoid E.U. tariffs
It's too much cost to pass off onto dealers and customers.
It's too much cost to pass off onto dealers and customers.
"We don't want to fight in public via Twitter."
The Dow Jones U.S. autos index fell 1.4 percent on the tweet.
Trump says the United States would pursue additional tariffs if China retaliates.
She still prefers a multilateral course of action
WASHINGTON/PARIS — Canada and Mexico retaliated against the U.S. government's decision on Thursday to impose tariffs on steel and aluminum imports, and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade
It's likely to use the same 2.0-liter four-cylinder turbo as the current model.
Hint: It's the autoworkers the president says he's helping.
Tariffs of up to 25 percent.
China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world's largest auto market amid an easing of trade tensions with the United States.
The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, according to two sources familiar with the administration's thinking.
China warned on Friday it would fight back "at any cost" with fresh trade measures if the United States continues on its path of protectionism, hours after President Donald Trump threatened to slap tariffs on an additional $100 billion in Chinese goods. This atop the $50 billion in tariffs detailed by the U.S. earlier this week, which were immediately met by an equal amount from China.
German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 percent tax on U.S. car factory exports will hit nearly 270,000 vehicles, with German carmakers accounting for $7 billion of the $11 billion total.
Escalating trade tensions between the United States and China, if the tariffs threatened by both sides are actually implemented, stand to hurt some automakers more than others.
U.S. aerospace companies, automakers, grain merchants and chipmakers were the early casualties on Wednesday after China and the United States announced tariffs on $50 billion of imports, cementing fears they were spiraling toward a trade war.
Twitter tirade about China trade policy didn't seem to hurt matters.
Automakers turn to Congress to try to shut him down.
They also build in U.S., so they face double jeopardy in a trade war
But commerce secretary does some math and calls it 'no big deal'