Mexico has long attracted global automakers with low labour costs and tariff-free access to the US market under the US-Mexico-Canada Agreement (USMCA). General Motors Co, Ford Motor Co, and Chrysler Corp were Mexico's top three producers in 2024, with more than 90 per cent of their output ex
South Korean exports to the US were down 8.1 per cent for the month of May compared to the same month last year, weighed down by US President Donald Trump's tariff, which took a toll on the automobile sector, the Korea Herald reported on Sunday, citing the government of Korea's data.
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could seve