On November 5, China’s Ministry of Finance (MOF) announced that to implement the outcomes of the recent Sino-U.S. economic and trade consultations, the Chinese government will extend the suspension of additional 24% tariffs on certain U.S. imports for one year, starting at 1:01 p.m. on November 10, while retaining a

On November 10, it was reported that President Claudia Sheinbaum’s plan to impose high tariffs on Chinese imports has been delayed until at least December due to mounting private-sector resistance and concerns among members of the government.
Mexican manufacturers warned that the proposal would significantly raise pr

GM Korea Company, the South Korean subsidiary of General Motors, is reportedly planning to shut down its in-house aftermarket service operations in the country by early 2026 as part of a broader cost-cutting program.
GM Korea is now expected to stop accepting service appointments at its nine remaining directly manage

On November 5, multiple sources reported that the Islamic Consultative Assembly, Iran had approved the revised tariffs proposed for cars imported into Iran. The revised tariffs on imported cars range from 4% to 165%. The lowest tariff applies to electric cars, while the highest tariff applies to gasoline cars with an

On November 6, J.D. Power released its 2025 U.S. Sales Satisfaction Index (SSI) Study, which shows that despite recent market shifts, overall customer satisfaction with the vehicle purchase experience increased by 1 point this year to 802 (on a 1,000-point scale).
Interestingly, more than one-third (36%) of buyers in

As scheduled on November 5, arguments in the case at the U.S. Supreme Court over President Donald Trump’s reciprocal tariffs began at 10:00 a.m. as the first major test of his aggressive assertion of presidential powers to reach the high court. Lower courts found that Trump overstepped boundaries when he invoked the

On November 1, Whitehouse.gov. announced the details of accords reached in the summit between President Donald Trump and President Xi Jinping on October 30, in their first face-to-face meeting of Trump’s second term, that will serve to tamp down stresses placed upon the global trading system by the two world superpow

On October 30, the U.S. Senate voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. The move was part of a series of votes on Trump’s tariffs during the week. On October 28, five Republicans joined Democrats to pass a resolution canceling the 50% tariffs on goo

On October 30, VW Group announced its financial results for Q3 and the first nine months of 2025.
In Q3 2025, sales revenue increased by 2.3% YoY to EUR 80.3 billion, and the operating loss was EUR 1.3 billion. The Group’s earnings after tax reported loss of EUR 1.1 billion. Sales Volume in Q3 2025 increased by 1.0%

On October 29, 2025, the United States and South Korea reached an agreement on a trade deal between the two countries as U.S. President Donald Trump and South Korean President Lee Jae Myung attended the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea. While a formal agreement between the countries h

U.S. President Donald Trump arrived in Japan on October 27, the second stop on his Asia tour that will culminate a few days later with a high-stakes meeting with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation Summit in Gyeongju, South Korea.
Trump visited with Japan's Emperor N

On October 25, multiple sources reported that Nissan is now considering the feasibility of importing U.S.-built Murano and Pathfinder crossovers to Japan both to take advantage of unused capacity at its Smyrna plant, Tennessee, and to increase sales at home in Japan.
“Nissan sells many attractive models in the U.S.,

On October 27, President of Mexico Claudia Sheinbaum said that the U.S. is extending its trade deadline for several weeks. 
Sheinbaum said she spoke with U.S. President Trump on October 25 and that both countries are "close to reaching an agreement" on pending non-tariff trade barriers. She confirmed that Washington

The U.S. and South Korea remain stuck on all the major details of a USD 350 billion investment pledge, President Lee Jae Myung said on October 24, indicating the countries may not finalize a trade deal in time for a summit meeting with U.S. President Trump.
“The method of investment, the amount of investment, the tim

On October 22, Paccar Inc. announced it has laid off 300 workers at its plant in Sainte-Therese, Quebec due to U.S. tariffs on heavy-duty trucks that are set to take effect on November 1.
This is the latest in a series of layoffs at the facility, which has shifted production for Canadian-bound trucks to focus solely

The Canadian federal government is responding to recent announcements of Stellantis and General Motors ending of production in the country by limiting the number of tariff-free vehicles they can import from the U.S. Effective immediately according to sources, the government is reducing the amount of U.S.-assembled ve

On October 23, in a late-night social media post, U.S. President Trump said he is terminating all trade negotiations with Canada over an ad campaign by the Ontario government that uses the late-President Ronald Reagan's own words and appearance in an April 1987 speech to send an anti-tariff message to U.S. audiences.

On October 22, President Trump said in a Truth Social post that the CEOs of General Motors and Ford Motors called him to express gratitude for the tariffs he imposed on mid-size and large truck imports.
On October 17, Trump had issued a proclamation of 25% tariffs on trucks and truck parts, with a 3.75% offset on the

On October 21, Canadian Prime Minister Mark Carney confirmed there is a possibility for a new sectoral tariff deal with the U.S. by the end of this month, but is cautioning against being overly optimistic. “We’re in ongoing discussions with the Americans, and you know,” Carney said. “I wouldn’t overplay it,” Carney t