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

In her letter to shareholders, amid tariff pressures, falling profits, and hits to past EV investment strategies, GM CEO Mary Barra noted that the company had achieved its highest third-quarter market share since 2017, and that its restructured China business was profitable once again. Based on our performance, GM is

In a proclamation on October 17, President Trump announced he was formally imposing a 25% tariff on medium- and heavy-duty trucks (Class 3–8 vehicles) and truck parts, including engines, transmissions, tires, and chassis, as well as a 10% tariff on imported buses (school, transit, and motor coaches), while extending

On October 16, the Anderson Economic Group (AEG) announced that the estimated burden on U.S. automakers from tariffs on imported Canadian and Mexican autos and auto parts through October 2025 will exceed USD 10.6 billion. 
The figure include only the two major categories of motor vehicle imports, and does not include

The Trump Administration is poised to ease tariffs on the U.S. auto industry in a move that follows aggressive lobbying efforts by automotive OEMs. The Commerce Department is slated to announce a five-year extension for an arrangement that allows OEMs to reduce what they pay in tariffs on imported car parts, accordin

On October 16, Canadian Prime Minister Mark Carney told reporters that the global head of Stellantis told him shortly before the company announced it would be moving planned production of the Jeep Compass to Belvidere, Illinois from its plant in Brampton, Ontario, that the company is looking at finding a new model to

VW Canada will count on a number of redesigned models, hybrid powertrains and a balanced approach to tariff costs to augment growth in Canada amid tariffs and trade tensions, according to VW Canada President Edgar Estrada at an industry event in Toronto on October 14.
Estrada said the company is already adapting cert

On October 17, upon releasing its Q3 2025 results, the Volvo Group said that in Q3, its net sales had increased in Europe, while more difficult market conditions in North America and South America impacted sales negatively.
Volvo said it expects trucking demand in North America to remain under pressure into 2026, as