Auto Tariffs

Tokyo – Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. have warned that recent increases in import duties will shave billions of dollars off their earnings, and the companies now see the higher tariffs as a lasting feature of the global trade landscape. The three manufacturers disclosed that...

In a move that has sparked criticism from Canadian leaders, Stellantis, the multinational automaker, has announced that it is scrapping plans to increase auto production at its plant in Ontario, Canada. The decision comes as a result of the tariffs imposed by US President Donald Trump, which have created an...