Price hikes, layoffs and import fees: How car giants are reacting to Trump's tariffs
1. Trump's new tariffs will increase auto import fees and production costs. 2. BMW shares are down 4% amidst global trade tensions and tariff impacts. 3. Volkswagen halts Mexican rail shipments and raises vehicle sticker prices in the U.S. 4. Stellantis pauses production affecting 900 U.S. jobs due to tariffs. 5. Volvo and other brands consider U.S. production increases to counter import tariffs.