The automobile industry is on for some moments, as one of the most famous British carmakers, Lotus, has made the news with the suspension of the exports of the Emira in the United States recently. This comes after the acting United States President, Donald Trump, put into effect tariffs that require the auto manufacturers from England to import cars to...
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...
During a financial conference call to review Ford’s performance in the year 2024, the company’s chief executive Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry and consumerism. Earlier this week, the administration of Trump placed a 25-percent tariff on goods imported from Mexico and Canada and then removed it and replaced...
