EU Steel Tariffs 2025: Auto Giants Plunge Amid Import Quota Cuts and Industry Chaos In a stunning blow to the global auto sector, major carmakers like BMW and Volkswagen saw their stocks nosedive on Wednesday following the European Union’s bold move to slash steel import quotas and double tariffs. This decision has ignited widespread panic, … Read more
Tesla, GM Lead Record U.S. EV Sales as Federal Incentives End: A Pre-Expiration Boom U.S. electric vehicle sales have shattered expectations, topping 1 million units in the first nine months of 2025, driven by a frantic rush to snag federal tax credits before they vanished on September 30. Tesla and General Motors spearheaded the surge, … Read more
Crunch Time for Trade Talks as Trump Deadline Nears Washington, D.C. – July 27, 2025 – As the August 1 deadline for President Donald Trump’s trade negotiations looms, global markets and foreign governments are bracing for the reimposition of steep tariffs on dozens of countries. Initially announced on April 2, 2025, as part of Trump’s … Read more
Detroit, April 4, 2025 – The world’s leading automakers are reeling from President Donald Trump’s “reciprocal tariffs,” enacted on April 2, with a swift cascade of price hikes, production cuts, and layoffs signaling a seismic shift in the global auto industry. As the tariffs—starting at 10% across all imports and spiking to 54% on China, … Read more
Germany Lashes Out at Trump’s Levy on U.S. Car Imports In a sharp escalation of transatlantic tensions, Germany has voiced strong opposition to U.S. President Donald Trump’s recent proposal to impose steep levies on American car imports. The move, which Trump has framed as a means to bolster domestic manufacturing and protect national security, has … Read more