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...
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...
