China retaliates with 34% tariff as Trump digs in, vows to ‘by no means change’ insurance policies

The Trump administration’s auto tariffs are sending shockwaves by means of the business. This is how automakers have responded thus far, as reported by Yahoo Finance’s Pras Subramanian:

Volkswagen (VWAGY): The German automaker is the primary so as to add an “import payment” to autos affected by the 25% tariff, per a memo despatched to sellers reported by the Wall Road Journal. Volkswagen paused rail shipments from Mexico and the motion of tariff-affected automobiles situated at ports whereas it determines subsequent steps.

Ford (F): The US automaker is increasing worker pricing to all consumers within the US beginning at present. The value cuts could also be a great way to assist on a regular basis Individuals, however others see them as a gimmick for short-term gross sales positive aspects.

GM (GM): The highest US automaker by quantity advised Yahoo Finance it wouldn’t have a tariff response presently and sure wouldn’t till its earnings name on April 29. Nonetheless, GM did verify that it’ll improve manufacturing at its Ft. Wayne, Ind., plant the place it builds Silverado and Sierra pickups.

Stellantis (STLA): Stellantis advised Yahoo Finance it received’t implement worth hikes but, however the firm does plan on idling manufacturing at crops in Mexico and Canada. Stellantis additionally confirmed to Reuters that 900 US-based employees can be quickly laid off due to the tariffs.

Mercedes-Benz (MBG.DE): Per Bloomberg, Mercedes manufacturing chief Jörg Burzer stated the corporate is contemplating making extra automobiles within the US in response to the tariffs.

Porsche (P911.DE): Luxurious automaker Porsche stated it could go on the prices of tariffs to its US consumers.

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