Trump presses ahead with automotive tariffs, ratcheting up trade war

Quick Summary:

The US imported US$474 billion worth of automotive products in 2024, including passenger cars worth US$220 billion.

The benchmark S&P 500 Index fell 1.1 per cent ahead of the press conference, and is down more than 4 per cent so far in March for its worst monthly performance in nearly a year.

President Donald Trump waves after speaking at a reception at the White House, Mar 26, 2025.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaGermanyJapanSouth KoreaMexicoUnited States

Topics: Plans President Tariff Trump Automotive Industry Cars Cent Tariffs Global Donald

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 05:34:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27360873

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 3 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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