Struck

The US Just Struck a Tariff Deal With the EU. Here’s How Much Your New Porsche Will Be Taxed

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The US Just Struck a Tariff Deal With the EU. Here's How Much Your New Porsche Will Be Taxed

President Trump’s tariffs upended the automotive industry when the administration first announced them back in April. Trump’s proposal was that auto and auto parts imports to the US would see a 25-percent duty on top of whatever preexisting duties were already in place. Over the weekend, the Trump administration and the European Union announced a … Read more

Trump Just Struck a ‘Massive’ Trade Deal With Japan. Here’s Why Detroit Is Furious

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Trump Just Struck a 'Massive' Trade Deal With Japan. Here's Why Detroit Is Furious

The United States and Japan have finalized a trade deal in what President Trump calls a “massive” victory, according to Reuters. As part of the agreement, Japan will reportedly invest $550 billion into the US over the next few years, with the US set to receive “90 percent of the profits,” according to President Trump. … Read more