On September 25, U.S. President Trump announced in social media posts a new 25% tariff on heavy trucks, 30% levy on upholstered furniture and 50% import fee on kitchen cabinets and bathroom vanities that will begin October 1.
“In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I
On September 25, the U.S. Commerce Department published in the Federal Register that it has launched investigations into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties as President Trump moves to expand his tariff regime. The Department of Commerce is conducting the
On September 25, European Trade Commissioner Maros Sefcovic said that automotive OEMs will save around EUR 500-600 million (USD 585-700 million) per month, dating back to August 1, as a result of the Trump administration implementing its trade deal with the European Union.
Sefcovic was referring to the deal establish
On September 14, the Department of Commerce and Office of the U.S. Trade Representative published a Federal Register filing detailing lowered tariffs on auto imports and a range of goods from the European Union to 15% retroactive to August 1, cementing terms of the framework trade agreement the two sides struck almos
On September 24, Canadian Prime Minister Mark Carney said trade negotiations with the U.S. were ongoing, and a lot of remaining issues would move to the planned review of the United States-Mexico-Canada trade agreement (USMCA) in 2026.
Carney made the remarks in answering a reporter’s question to trade talks that ap
On September 24, Lithium Americas said that it was in negotiations with the U.S. Department of Energy and General Motors about financing support for the Thacker Pass project. Canada-based Lithium Americas is renegotiating the terms of the USD 2.26 billion loan it received from the U.S. Department of Energy during the
The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor Corp., Volkswagen Group, Hyundai Motor Co. and other major OEMs, said in a filing with the Environmental Protection Agency that legislation signed by President Trump in June will increase the effective price of EVs and could lead to
South Korean Industry Minister Kim Jung-kwan arrived at Incheon Airport early on September 14 after meeting with U.S. Commerce Secretary Howard Lutnick in New York. Kim had been in the U.S. since September 11 to discuss details of Seoul’s pledged USD 350 billion investment there in exchange for the U.S. reducing its
The U.S. International Development Finance Corp. is in discussions to establish the fund as a joint venture with New York-based investment firm Orion Resource Partners in what would be the U.S. government’s most significant effort to boost supplies of critical minerals, according to people familiar with the matter. K
On September 11, in his first public comments following the raid by U.S. immigration authorities on a battery plant under construction, Hyundai’s CEO José Muñoz said he was surprised when he heard the news. Munoz said it is typical for an automotive battery plant to employ specialist workers as it is getting off the
On September 12, U.S. Transportation Secretary Sean P. Duffy today announced a new pilot program within the Federal Aviation Administration (FAA) to establish pre-certification operating environments for air taxis to accelerate the deployment of advanced air mobility (AAM) in the U.S.
Establishment of the eVTOL Integ
On September 9, the U.S. Supreme Court agreed to hear the Trump administration’s tariffs appeal on an expedited basis, in a case with vast implications for the economy and presidential power, setting a fast briefing schedule with a hearing to come in November.
The court agreed to take up an appeal from the Trump admi
On September 11, Stellantis CEO Antonio Filosa said the company, which has a large manufacturing footprint in the U.S., Mexico and Canada, is holding a “very productive exchange of ideas” with President Trump’s administration, and that a final scenario with U.S. tariffs was getting clearer. While Filosa said the tari
On September 11, a plane carrying more than 300 workers from South Korea who were detained during an immigration raid at a Hyundai-LG Energy Solution battery factory under construction in Georgia last week left Atlanta shortly before noon, expected to land in South Korea on Friday afternoon.
The departure had been he
Construction has now been disrupted at multiple LG Energy Solution Ltd. sites across the U.S. while some Korean staff are reported to be balking at assignments, according to people familiar with the matter. After the raid at the Hyundai-LG plant near Savannah, Georgia last week, there are fears of similar crackdowns
On September 7, U.S. President Trump told international companies they are welcome only if they respect the United States’ immigration rules, after hundreds of South Korean workers were arrested on September 5 at Hyundai’s manufacturing site and battery plant under construction with LG Energy Solution near Savannah,
On September 8, Volkswagen Chief Executive Oliver Blume said that VW was in advanced talks, which he termed “very positive”, with the Trump administration over substantial investments in the U.S. Blume said the company is considering substantial investments to expand its U.S. business, including a plant for its Audi
On September 4, U.S. Transportation Secretary Sean P. Duffy announced the National Highway Traffic Safety Administration (NHTSA) is launching three rulemakings to modernize Federal Motor Vehicle Safety Standards for vehicles with automated driving systems.
These changes will deliver on the agency’s Automated Vehicle
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