On December 12, it was reported that Mexico’s decision to impose higher tariffs on products originating from Asian countries without trade agreements, particularly China, effective January 1, has intensified a debate within the domestic market, revealing clear opposing positions across industries, especially the auto

Volvo Cars said it will not continue sales of its 2026 EX90 in Canada, as the electric three-row crossover is built in the U.S. and subject to 25% Canadian counter-tariffs.
Canada introduced retaliatory tariffs on U.S.-built vehicles this April, soon after U.S. President Trump enacted a 25% tariff on vehicles import

On December 11, it was reported that Mexico’s Senate approved a measure to increase import tariffs by up to 50% on more than 1,400 product categories from countries without free trade agreements, mainly targeting China.
The bill, proposed by President Claudia Sheinbaum and passed with 76 votes in favor and five again

On December 8 in a post on Truth Social, U.S. President Trump said he had told China’s President Xi Jinping that the US would allow Nvidia “to ship its H200 products to approved customers in China . . . under conditions that allow for continued strong National Security. President Xi responded positively!”
Trump adde

On December 8, U.S. President Trump warned that he will impose an additional 5% tariff on Mexico if it does not immediately release water owed to the U.S. under a 1944 treaty. 'Mexico continues to violate our comprehensive Water Treaty, and this violation is seriously hurting our BEAUTIFUL TEXAS CROPS AND LIVESTOCK,'

On December 3, at the UBS Global Industrials and Transportation Conference, Lucid Group Chief Financial Officer Taoufiq Boussaid said that Lucid’s upcoming midsize electric SUV, expected to be named the Lucid Earth, will be made first in Saudi Arabia.
The midsize platform is aimed at underpinning three different cars

The Canadian government is notifying Stellantis NV that it is in default on its taxpayer-backed financial aid after it moved planned auto production to a U.S. plant, Industry Minister Melanie Joly said. “Today, on December 4, I’m formally announcing that we’re serving Stellantis with a notice of default under the con

On December 3 at the New York Times DealBook Summit, U.S. Treasury Secretary Scott Bessent predicted that the Trump administration will be able to implement its tariff agenda regardless of whether or not it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the start of the

In a statement posted on X on December 1, 2025, U.S. Commerce Secretary Howard Lutnick confirmed that the U.S. will retroactively lower South Korea general import tariffs, which include tariffs on the automotive market, to 15%, retroactive to November 1. This comes after South Korea’s ruling party proposed a bill on

The U.S. is holding public hearings this week in Washington D.C. as part of a mandatory review of the U.S.-Mexico-Canada Agreement (USMCA), as it’s known in the U.S, or Canada-U.S.-Mexico Agreement (CUSMA) as it is known there. The formal review of the agreement is due to start July 1, 2026.
Canadian Prime Minister M

On November 26, Prime Minister Mark Carney’s government announced it will lower the tariff-rate quota level for steel imports from countries with which Canada does not have a trade agreement to 20% from 50%. Steel produced in those nations will face a tariff when their volumes exceed 20% of what they sold to Canadian

On November 24, U.S. President Trump explained on his Truth Social that the full effect of his tariffs on U.S. importers has not yet been felt. 
Trump said that importers, “in order to avoid paying the Tariffs in the short term, “STOCK UP” by purchasing far more inventory than they can use. That heavy inventory purch

On November 23, Canadian Prime Minister Mark Carney told reporters on the sidelines of the sidelines of the G20 leaders’ meeting in Johannesburg, South Africa when asked about trade talks with the U.S., “We are very busy with the future of Canada, and with new partnerships. There will be conversations with the presid

On November 20, Polestar CEO Michael Lohscheller spoke to media in Yongsan, Seoul, about many thing including the company’s strategy going forward.
Lohscheller said Polestar is poised to leverage its production capacity at Renault Korea’s Busan plant as a strategic export base to North America, diversifying from its

On November 17, Kia confirmed that the EV9 GT has officially been “delayed until further notice”. The sporty electric SUV had its U.S. debut at the 2024 LA Auto Show last November.
Kia said the delay is due to “changing market conditions.” The EV9 GT is the second EV Kia has put on hold indefinitely, following the EV

On November 13, multiple sources reported that Audi’s Neckarsulm plant has faced production disruptions since November 13, 2025. The company says it is adjusting to changing market demand, so production will stop on November 14 and 21, 2025. For the coming weeks, the A5 and A6 assembly lines will run on one shift ins

On November 14, the Trump Administration announced a framework agreement with Switzerland and Liechtenstein to address trade, tariffs, and non-market policies.
To achieve tariff relief, Switzerland intends to facilitate at least USD 200 billion of investment into the U.S., across all 50 states, over the next five yea

Tesla is directing U.S. suppliers to eliminate to exclude China-made components used in the manufacturing of its cars for the U.S. market. The company and its suppliers have already replaced some China-made ‌components and aim to switch all other components to those made outside of China over the next two years, acco

On November 16, Hyundai Motor Group said it will invest KRW 125.2 trillion (around USD 86.4 billion) in the domestic South Korean market from 2026 to 2030, after South Korea  finalized a trade deal that reduced U.S. tariffs on automotive and other imports to 15% from 25% after a promise to invest USD 350 billion in t