U.S. Markets open in 39 mins

Auto industry caught in the trade war crosshairs

Paul A. Eisenstein

Responding to the latest tariffs levied by the Trump administration, China announced 25 percent tariffs on $16 billion in U.S.-made goods. The impact could be significant considering that American-made vehicles were previously saddled with 25 percent tariffs upon reaching Chinese ports. All told, about 276,000 U.S.-made vehicles were shipped to China last year.