Latest news with #autoimports
Yahoo
5 days ago
- Automotive
- Yahoo
Why Toyota Stock Zoomed Nearly 14% Higher on Wednesday
Key Points The Trump administration reached a deal on trade with Japan. The two sides negotiated tariffs on auto imports to 15%, far lower than their previous level. 10 stocks we like better than Toyota Motor › Investors in Japanese stocks breathed a collective sigh of relief on Wednesday, following a deal the country struck with the U.S. to pay lower tariffs on imports. With the powerful Japanese car industry being a particular focus of the deal, Toyota Motor (NYSE: TM) was a major beneficiary of that sentiment. The storied automaker's stock popped by nearly 14% over the course of that day, easily beating the 0.8% bump of the S&P 500 index. It was all about the tariffs Late Tuesday, Japan and the U.S. reached a trade agreement stipulating that tariffs on auto imports from the country would be reduced substantially, to 15% from the preceding 27.5%. The levy on other Japanese goods is also to be cut to 15%; previously the level was 25%. That 27.5% tariff was set in April, near the beginning of the Trump administration's efforts to enact "punitive" levies on key American trading partners. Tuesday's deal includes not only a change in the tariff regime, but also a commitment from Japan to provide a $550 billion package of investments into the U.S., plus loans. The auto sector is a crucial one for Japan, not least because it alone comprises more than a quarter of the country's exports to the U.S. Its models have been popular with American consumers for decades, and Toyota is a poster child for Japanese success on this market. Domestic manufacturing/import mix Toyota has had manufacturing plants in the U.S. for quite some time -- at the moment it operates a total of 11 -- so to a degree it was insulated from punitive tariffs, and will continue to be. Regardless, it needs to import in order to satisfy American demand, and because of this the tariffs have an impact. Investors were right to cheer the news that they had been slashed. Should you invest $1,000 in Toyota Motor right now? Before you buy stock in Toyota Motor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Toyota Motor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Toyota Stock Zoomed Nearly 14% Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
Detroit Three automakers raise concerns about Japan trade deal
By David Shepardson WASHINGTON (Reuters) -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. ($1 = 0.8521 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
6 days ago
- Automotive
- CNA
Detroit Three automakers raise concerns about Japan trade deal
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 per cent while leaving tariffs on imports from Canada and Mexico at 25 per cent. Matt Blunt, who heads the American Automotive Policy Council that represents the Detroit Three automakers, said "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 US auto workers."
Reuters
6 days ago
- Automotive
- Reuters
Detroit Three automakers raise concerns about Japan trade deal
July 22 (Reuters) - A group representing General Motors (GM.N), opens new tab Ford (F.N), opens new tab and Chrysler-parent Stellantis ( opens new tab 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 "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 US auto workers."
Bloomberg
06-05-2025
- Automotive
- Bloomberg
Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem
Bliss Bednar's 2023 Volkswagen Atlas was running just fine. Sure, it wasn't the fanciest car she'd ever owned, but with home renovations to plan and rising construction costs already threatening her remodeling budget, the retired teacher in central Texas planned to stick with the three-row SUV for the foreseeable future. Then President Donald Trump outlined 25% tariffs on auto imports, and she joined the millions of Americans racing to dealerships to snap up new models before the higher levies drive up prices by thousands of dollars.
