In a dramatic response to escalating US trade tariffs, New Zealand cuts interest rates, raising concerns about a global recession. Markets across Asia tumble as Trump's new tariffs take effect. Discover the potential fallout and what it means for economies worldwide.
In response to President Trump's 25% tariffs on imported vehicles, South Korea announces a robust support plan for its auto industry, including financial aid and tax cuts to boost demand.
In a bold move, Canada will impose a 25% tariff on US-made vehicles in retaliation against Trump's import taxes. This decision targets non-compliant vehicles under the USMCA, impacting the automotive sector significantly.
In a surprising move, Trump has paused tariffs on auto companies until April 2, igniting debates among industry leaders. While some support the decision, others warn of chaos and costs. What’s next for the UAW and the auto sector?
