tariffs
Trade War Tariff Escalation Spells Bad News for Luxury Auto Industry
If you are in the market for a new luxury car, buy it in the next week or so, because prices are about to go up and production is about to go down. U.S. President Donald Trump campaigned in 2016 on trade issues, saying that American industries and workers were given the short shrift by […]
Luxury Auto Industry May See Break from Tariffs, But New Problem Looms
Luxury car companies and other automakers watched Washington, D.C. this week as the White House and Mexico met to strike a new deal. The President and his supporters in the press all sing the virtues of discarding the North American Free Trade Agreement in favor of a new deal. However, the process is still very […]
New U.S. Tariffs On Foreign Cars Could Send Prices Skyrocketing
If you’re in the market for a luxury foreign car, now is the time buy as potential new tariffs could upend the global auto industry. That there is indecision in Washington, D.C. is not really news, but one of the current issues under consideration could create problems for the auto industry. The White House sent […]