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Detroit Three automakers raise concerns about Japan trade deal

Detroit Three automakers raise concerns about Japan trade deal

CNBC6 days ago
A group representing General Motors, Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%.
Matt Blunt, who heads the American Automotive Policy Council that represents the Detroit Three automakers, said they were still reviewing the agreement but "any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers."
Trump has threatened to hike tariffs on Mexico to 30% and Canada to 35% on August 1.
White House spokesman Kush Desai defended the deal, calling it "a historic win for American automakers by putting an end to Japan's unfair auto trade barriers for American-made cars."
GM said Tuesday its second-quarter earnings took a $1.1-billion hit from tariffs and expects the impact to worsen in the third quarter.
Stellantis said Monday it expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, reporting Trump's tariffs had cost it 300 million euros ($352 million) so far as the company reduced vehicle shipments and cut some production to adjust manufacturing levels.
In May, AAPC criticized Trump's announced trade deal with Britain, saying it would harm the U.S. auto sector.
British carmakers will be given a quota of 100,000 cars a year that can be sent to the United States at a 10% tariff rate, almost the total Britain exported last year.
"This hurts American automakers, suppliers, and auto workers," AAPC said.
Trump in April softened the blow of his auto tariffs by easing the impact of duties on parts and materials, but left in place 25% tariffs on imported vehicles.
He also extended a duty-free exemption for North American parts that comply with the U.S.-Mexico-Canada trade agreement rules of origin.
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Asian shares mostly slip as focus shifts to US talks with China
Asian shares mostly slip as focus shifts to US talks with China

The Hill

time19 minutes ago

  • The Hill

Asian shares mostly slip as focus shifts to US talks with China

TOKYO (AP) — Asian shares mostly declined Tuesday as some of the euphoria fizzled out over a tariff deal with Japan as proposed by President Donald Trump, which was followed by a similar deal with the European Union. Japan's benchmark Nikkei 225 slipped nearly 0.7% to 40,725.23. Australia's S&P/ASX 200 lost 0.3% to 8,670.50. South Korea's Kospi was little changed after reversing earlier losses, edging less than 0.1% higher to 3,212.59. Hong Kong's Hang Seng dropped 1.1% to 25,276.36, while the Shanghai Composite shed 0.3% to 3,586.93. Analysts said markets were watching for the latest from Trump, which are now focused on the talks with China. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in Sweden. Bessent has said the negotiations will likely lead to an extension of current tariff levels. There was no significant new information after the first day of talks. 'Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Last week, Trump announced a trade framework, placing a 15% tax on goods imported from Japan, a level far lower than the earlier 25% rate that the president had indicated. Trump also said Japan would invest $550 billion into the U.S. and open up to U.S. autos and rice. Details are still unclear, but the accord set off some momentary relief. U.S. stock indexes drifted through a quiet Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than Trump had threatened. Many details of the trade deal are still to be worked out, and Wall Street is heading into a week full of potential flashpoints that could shake markets, including an interest rate decision Wednesday by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. On Wall Street, the S&P 500 was nearly flat, edging up by less than 0.1% to 6,389.77 and setting an all-time high for a sixth straight day. The Dow Jones Industrial Average dipped 0.1% to 44,837.56, while the Nasdaq composite added 0.3% to its own record, closing at 21,178.58. Tesla rose 3% after its CEO, Elon Musk, said it had signed a deal with Samsung Electronics that could be worth more than $16.5 billion to provide computer chips for the electric-vehicle company. Samsung's stock in South Korea jumped 6.8%. Other companies in the chip and artificial-intelligence industries were strong, continuing their run from last week after Alphabet said it was increasing its spending on AI chips and other investments to $85 billion this year. Chip company Advanced Micro Devices rose 4.3%, and server-maker Super Micro Computer climbed 10.2%. But an 8.3% drop for Revvity helped to keep the market in check. The company in the life sciences and diagnostics businesses reported a stronger profit for the latest quarter than Wall Street expected, but its forecast for full year profit disappointed analysts. Companies are broadly under pressure to deliver solid growth in profits following big jumps in their stock prices the last few months. Much of the gain was due to hopes that Trump would walk back some of his stiff proposed tariffs, and critics say the U.S. stock market looks expensive unless companies will produce bigger profits. Hundreds of U.S. companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates. In energy trading, benchmark U.S. crude inched up 1 cent to $66.72 a barrel. Brent crude, the international standard, added 6 cents to $70.10 a barrel. In currency trading, the U.S. dollar rose to 148.56 Japanse yen from 148.54 yen. The euro cost $1.1600, up from $1.1593.

2025 Subaru Forester vs. Nissan Rogue: 5 Major Differences
2025 Subaru Forester vs. Nissan Rogue: 5 Major Differences

Miami Herald

time24 minutes ago

  • Miami Herald

2025 Subaru Forester vs. Nissan Rogue: 5 Major Differences

When it comes to Japanese crossovers, Toyota and Honda tend to be at the top of the pack with one of the most intense rivalries in the industry, but they aren't the only models on the market. The Subaru Forester and Nissan Rogue are fairly popular as well, but they're often overlooked in favor of their Japanese rivals. That said, there are several major differences between the two that could make one the better option for some consumers. The Nissan Rogue comes equipped with a 1.5-liter turbocharged three-cylinder engine and front-wheel drive, a combination that produces 201 horsepower and 225 lb-ft of torque. Thanks to its small engine size, the Rogue offers impressive fuel economy, up to 30 mpg in the city and 37 mpg on the highway, while delivering respectable performance. With all-wheel drive, the Rogue sees its fuel economy drop by two miles per gallon in both categories. Comparatively, the Subaru Forester comes equipped with a 2.5-liter four-cylinder engine paired with all-wheel drive, producing 180 horsepower and 178 lb-ft of torque in most models. With that performance, the Forester is rated for up to 26 mpg in the city and 33 mpg on the highway. The Wilderness Edition comes with a slightly different powertrain that produces 182 horsepower and 176 lb-ft of torque. That model is rated for 25 mpg in the city and 28 mpg on the highway. Notably, the Subaru Forester comes in a more efficient hybrid form that puts it in closer competition with the Nissan Rogue. The hybrid Forester comes stocked with a 2.5-liter four-cylinder engine assisted by an electric motor, delivering a combined 194 horsepower. Hybrid Subaru Forester models earn up to 35 mpg in the city and 34 mpg on the highway. Nissan doesn't currently offer the Rogue with a hybrid powertrain, but rumor has it that's going to change next year. More and more vehicles are coming stock with all-wheel drive, especially once you get into the realm of crossovers and SUVs. Subaru has been ahead of the game for years, with all-wheel drive making the list of standard equipment across most of its lineup. The Forester is no exception, with both gas and hybrid models coming with a standard all-wheel drivetrain. The Nissan Rogue is a different story, with almost all models coming equipped with front-wheel drive. The Rock Creek edition is an outlier. In addition to its off-road aesthetic, the special edition Rogue comes with standard all-wheel drive. Notably, every Rogue model is available with all-wheel drive - to the tune of $1,400. The crossover segment is one of the most competitive in the industry, but the Nissan Rogue has an advantage when it comes to price at the base, off-road, and top-tier trim levels. The base 2025 Rogue S starts at $28,590, while the 2025 Forester Base is priced from $29,995. Notably, however, the Rogue doesn't come with all-wheel drive, and adding it increases its price to $29,990, making it just $5 cheaper than the Forester. The Nissan Rogue Rock Creek offers a more rugged aesthetic. Priced from $33,490, the Rock Creek model comes with standard all-wheel drive, exclusive leatherette-appointed seats, and four driving modes, including snow and off-road. The Subaru Forester Wilderness, available from $36,285, gets a higher ground clearance, 182-horsepower engine, and CVT with seven-speed manual mode. It can also tow up to 3,000 lbs., topping the Rogue's 1,500 lbs. capacity. At the top of the range, the Rogue Platinum starts at $38,590, while the Forester Touring is priced from $41,595. Both models ride on 19-inch wheels, with a panoramic moonroof, heated front seats, and a full suite of safety systems, all making the list of standard equipment in both top-spec crossovers. The Nissan Rogue's wheelbase is a touch longer than that of the Subaru Forester, measuring 106.5 and 105.1 inches, respectively. That extra 1.4 inches helps the Rogue top its Japanese rival when it comes to cargo space, and by a fairly significant amount at that. The Rogue offers up to 36.5 cu ft. with the rear seats in their upright position. Folding the rear seats down increases cargo space to an impressive 74.1 cu ft. The Subaru Forester is fairly roomy as well, but it doesn't quite match the Rogue. With the rear seats in their set position, the Forester offers just 27.5 cu ft of cargo space. Setting the rear seats down brings cargo space to 69.1 cu ft. The story changes when it comes to passenger space, though. The Subaru Forester offers 106.6 cu ft., just barely edging out the Nissan Rogue's 105.4 cu ft. of passenger space. Subaru offers a pretty substantial model range, and the Forester is no exception, with six gas and four hybrid trim levels to choose from. Ranging from the Base trim to the Touring model, there's a whole host of packages, options, and standard equipment to consider. The 2025 Nissan Rogue is available in five trim levels, all of which are powered by a standard internal combustion engine (ICE). The base Subaru Forester model rolls out on 17-inch wheels, with LED steering-responsive headlights, roof spoiler, roof rails, and black side mirrors. Inside, the Forester comes stocked with a seven-inch touchscreen display, four-speaker audio system, Apple CarPlay and Android Auto integration, and dual-zone automatic climate control. The base Nissan Rogue rides on 17-inch wheels, with LED lighting and a rear spoiler. The interior of the Rogue is fairly standard for the price. Front bucket seats wrapped in cloth upholstery, an eight-inch touchscreen display, and Apple CarPlay and Android Auto connectivity are all on the docket. On the other end of the range, the Rogue Platinum comes with upscale design elements and a plush interior. The top-spec model sports 19-inch wheels, roof rails, and a dual-panel panoramic moonroof. Inside, the Nissan Rogue Platinum features quilted semi-aniline leather-appointed seats, a 12.3-inch touchscreen display, wireless Apple CarPlay and Android Auto compatibility, and a 10-speaker Bose premium sound system. The Subaru Forester Touring comes similarly equipped, with 19-inch wheels, a panoramic moonroof, leather-trimmed upholstery, and a foot-activated power rear liftgate. In terms of tech, the Touring model features an 11.6-inch touchscreen display, an 11-speaker Harman Kardon audio system, and wireless Apple CarPlay and Android Auto connectivity. While they may be overlooked compared to their Japanese rivals, the Subaru Forester and Nissan Rogue are worth taking for a test drive. Their standard equipment and pricing make them fairly close rivals, especially when the Rogue is equipped with all-wheel drive. The Rogue's efficiency is tough to beat, though. If Nissan brings a hybrid version of the Rogue to market for the 2026 model year, it could give the automaker a significant advantage over the Subaru Forester. Copyright 2025 The Arena Group, Inc. All Rights Reserved.

2025 Hyundai Sonata vs. Toyota Camry: 5 Major Differences
2025 Hyundai Sonata vs. Toyota Camry: 5 Major Differences

Miami Herald

time24 minutes ago

  • Miami Herald

2025 Hyundai Sonata vs. Toyota Camry: 5 Major Differences

Once the backbone of American driveways, midsize sedans have steadily lost ground to crossovers and SUVs. With the exits of the Chevy Malibu and Subaru Legacy after 2025, only a handful of contenders remain. But the Hyundai Sonata and Toyota Camry are still standing-and both received major overhauls for 2025. Toyota went all-in on hybridization and all-wheel drive, while Hyundai doubled down on value, tech, and design. If you're still in the market for a well-equipped sedan that delivers strong fuel economy, excellent ride quality, and surprising tech, these two deserve a look. Which one fits your needs best? Here are five key differences that help separate them. Perhaps the most talked-about change for the 2025 Toyota Camry is what's under the hood-or rather, what isn't. Toyota has ditched its traditional gas-only drivetrains entirely, making the 2025 Camry a hybrid-only sedan. It's available with a 2.5-liter four-cylinder engine and two electric motors up front, producing 225 horsepower. All-wheel-drive variants add a third electric motor at the rear, bumping total system output to 232 hp. That makes the Camry one of the few hybrid sedans on the market to offer all-wheel drive-and the only one in its class to make hybrid the default, not the upgrade. Hyundai took a different approach with the 2025 Sonata. You can still buy one with a traditional gas engine-specifically, a naturally aspirated 2.5-liter four-cylinder good for 191 horsepower and 181 lb-ft of torque. For buyers looking for electrified efficiency, the Sonata Hybrid pairs a 2.0-liter engine with an electric motor to deliver 192 hp. The base hybrid system is a bit less powerful than Toyota's, but it's smooth, refined, and very fuel-efficient. Bottom line: Camry buyers must go hybrid, but Hyundai gives you a choice. At the entry level, the 2025 Hyundai Sonata SE starts at $26,900, while the SEL comes in at around $28,000. That's cheaper than the base 2025 Camry LE Hybrid, which starts at $28,700 with front-wheel drive and $30,225 with all-wheel drive. The most efficient Sonata Hybrid-the Blue trim-isn't listed for 2025 yet, but the mid-tier SEL Hybrid starts at $31,250, while the top-tier Limited Hybrid comes in at $37,700. The Camry's upper trims are priced similarly, with the XLE Hybrid AWD priced at $35,125 and the range-topping XSE AWD Hybrid starting at $36,425. When comparing apples to apples (i.e., hybrids), pricing is close, within a few hundred dollars, in most cases. The Camry offers standard hybrid power and available AWD. The Sonata costs slightly less in its mid-tier trims, but tops out around the same price once you spec it similarly. It's worth noting that real-world incentives and dealer pricing can swing these numbers significantly, especially for Hyundai, which often includes additional discounts. One of the Camry's most significant advantages for 2025 is its electric all-wheel-drive system. It's not just a gimmick-it adds real capability, especially for drivers in snowy climates. Instead of using a mechanical driveshaft, the AWD Camry uses an electric motor to power the rear wheels independently. It's seamless in operation and doesn't significantly impact fuel economy. No version of the 2025 Sonata offers all-wheel drive, gas or hybrid. That might not matter for drivers in dry or temperate climates, but it's a notable disadvantage in the Northeast, Midwest, or Mountain West, where AWD is often considered essential. This marks a real differentiation point between the two. If AWD is a must-have, the Camry is your only option in this match-up. Inside, both sedans have made big strides, but the Sonata's cabin feels more futuristic and premium. Hyundai now offers a twin 12.3-inch display setup-one screen for the digital gauge cluster and one for the central infotainment-merged under a single piece of curved glass. The layout is clean, upscale, and intuitive, especially on higher trims. Even the base trims feel modern thanks to Hyundai's slick user interface and standard wireless Apple CarPlay and Android Auto. The 2025 Camry improves significantly over its predecessor, but not all trims come with the same level of tech. LE and SE models come with an 8-inch touchscreen and a 7-inch digital gauge display. Step up to the XLE or XSE, and you'll get the dual 12.3-inch setup. Like the Sonata, Toyota supports wireless smartphone mirroring and offers a premium JBL sound system on upper trims. In terms of standard features and presentation, Hyundai has the edge. The Sonata Limited Hybrid even includes ventilated front seats, a head-up display, and Highway Driving Assist-Hyundai's semi-automated driving tech-which is not available on the Camry. With up to 232 horsepower and AWD available, the Camry is the better performer on paper. It accelerates briskly for a hybrid sedan and handles well in XSE trim, thanks to firmer suspension and sportier tuning. Toyota has clearly tried to retain some of the enthusiast appeal once offered by its now-discontinued V6. The Sonata Hybrid isn't as quick, and its 192-hp system feels more tuned for smoothness than speed. But Hyundai's focus on comfort pays off with a quieter cabin, a softer ride, and less harshness over broken pavement. It's a car designed to make commutes and long drives feel easy, not edgy. Fuel economy is neck and neck. The Camry LE Hybrid returns up to 51 mpg combined, while AWD drops that to 47–48 mpg. The Sonata Hybrid gets between 47 and 52 mpg, depending on the trim and wheel size. If you're comparing efficiency, it's a wash. Both the 2025 Toyota Camry and Hyundai Sonata are excellent midsize sedans-but they aim for slightly different buyers. If you want a hybrid-only powertrain, available all-wheel drive, and more power, the Camry is your best bet. It's also a smart pick for buyers in colder climates who need extra traction. But you're probably better off choosing the Sonata if you value sleek tech, a more comfortable ride, and the option of a gas-only engine. It also tends to offer slightly better value at most trim levels. Either way, these two are standouts in a segment that's been all but abandoned by other automakers. With thoughtful redesigns, impressive fuel economy, and plenty of standard tech, the Sonata and Camry prove that the midsize sedan still has a lot of life left. Copyright 2025 The Arena Group, Inc. All Rights Reserved.

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