If President Trump pursues the proposed 100-percent tariff on Mattel, the Hot Wheels parent corporation, it could not be too long before consumers face higher prices for the cherished little cars. Trump’s planned tariffs on Mattel’s CEO, Ynon Kreiz’s comments on production diversification, may be reflected in higher prices for customers throughout the country. Tariffs: A Double-Edged Sword In a...
One interesting example of having the effects of the new taxes is Volvo, the Swedish automotive company that recently began to transfer more of its production to the territory of the United States in response to the tariffs decided on by Trump’s administration. These taxes, which affect vehicles not assembled in the United States of America, have affected most car...
It seems this year Canada also did not remain idle in reciprocating this gesture of the United States, especially bearing in mind the intensifying geopolitical rivalry, to impose new tariffs on the cars manufactured in the United States. This decision is in reaction to several tariffs that President Trump has placed, leading to a disturbance in the world economy. The...
The charged decision taken by the Trump Administration, under President Donald Trump, to eliminate all 8000 electric vehicle (EV) charging ports at federal buildings has raised dust in the sustainable transport community. This drastic move affects not only the federal fleet but also the thousands of federal employees who use these charging stations. Setting high interest rates is something that...
The inauguration of the 45th President of the United States, Donald Trump, is about to take place, and big names in the automotive industry are ready for it. Ford, General Motors, and Toyota, among the biggest automobile makers in the world, have agreed to participate and fund the event by pledging the event its biggest share of one million dollars...
It’s a known fact that the U.S. and E.U. are major vehicle exporters as well as importers. A recent issue has come to light after the president of the United States, Donald Trump, threatened to impose harsher taxes on the vehicles imported from Europe. In his view the U.S. taxes European vehicles much too little, while the E.U. taxes U.S....
