Geely Holding-owned Polestar failed to secure an exemption to the Connected Vehicle Rule and may no longer sell new EVs in the United States. +
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%. +
