Auto Tariffs
1 storyAuto Tariffs are import duties or related trade measures applied specifically to vehicles, automotive components or other goods within the motor-vehicle supply chain. Their effects can reach vehicle prices, parts costs, sourcing decisions, dealerships, suppliers and production planning, making the subject particularly important to Michigan's automotive economy. Coverage may involve customs classifications, exemptions, cross-border parts trade or changes in federal trade policy. Auto Tariffs should remain distinct from tariffs generally because the defining scope is the vehicle and auto-parts market rather than imported goods across all industries.
US-Canada Trade Dispute Raises Tariffs and Uncertainty for Businesses
The United States and Canada have imposed new tariffs on each other's goods, escalating a trade dispute that could impact $20 billion in imports and key industries. Both governments say they are prepared for further action if negotiations fail.