President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.

The largest American car company is on the financial ropes. General Motors revealed its second quarter profits fell by a third, losing more than $1 billion dollars. The car company attributed the loss to tariffs.

The specter of tariffs on foreign vehicles sold in the US is back this month, as the 90-day reprieve given by the White House is set to expire on July 9. Back in early April, the administration ...

Through the deal, the EU will purchase $750 billion worth of oil, gas, nuclear fuel, and semiconductors from the US

U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

The auto industry employed just over 1 million workers in the US in May, down more than 22,000 jobs from a year ago, according to data from the Bureau of Labor Statistics.

Layoffs from tariffs ripple across the auto-parts industry June 24, 2025 | Associated Press Keywords Auto Industry / Manufacturers / trade GET THE LATEST IBJ NEWS IN YOUR INBOX Listen to this story

President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the United States’ standing in