New agreements set the levy on vehicles imported from South Korea at 15% and extend an Aug. 1 deadline that would have subjected Mexico-built units to a 30% tariff. +
Trump administration officials announced the terms of an agreement that would reduce tariffs on vehicles and parts imported from European Union nations to 15%. +
Tariffs on vehicles imported from Japan are now set at 15% as a part of an agreement that AAPC chief Matt Blunt calls a “bad deal” for U.S. factories that build vehicles in Canada and Mexico. +
A memo sent to Mitsubishi dealers and reviewed by Reuters indicates the Tokyo-based factory will raise prices of new units sold in the United States by an average of 2.1% in response to new tariffs. +
Honda and Nissan announced they will not merge, ending a proposed deal that would have created the world’s No. 3 carmaker and helped the companies compete against emerging Chinese rivals. +
