Instead they have thrown the sector into turmoil. Ford, General Motors and Stellantis — the Big Three — are forecasting a combined $7bn tariff-related hit to their earnings in 2025, while the thousands of companies that supply them are reeling from disrupted supply chains, reduced cash flow and higher product prices.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

Now, Trump’s Friday announcement, which includes plans to increase tariffs on China to 130% and impose U.S. software export controls next month, comes as a “surprise,” Slok said on Saturday. The tariff hike threat comes after months of seemingly reduced trade tensions between the countries.

The president made the threat after Beijing imposed new global restrictions on the use of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries.

A monthslong calm on Wall Street shattered, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs higher on China.

Stocks, oil, and bond yields plummeted on Friday. The S&P 500 saw its worst day since April. Trump later made good on his threats of China tariffs.

President Trump calls off efforts to meet Xi Jinping after China imposes new rare earth export controls, warning the move is hostile and threatens global supply chains.

KPMG LLP found many companies are passing costs onto customers, while adopting other strategic changes to cope with the duties.

The U.S. will levy 100% tariffs against China beginning next month, President Donald Trump said Friday, announcing the duties after Beijing clamped down on export controls for rare earth materials this week.

A family that runs two costume stores in Chicago is putting a creative twist on Halloween this year due to tariffs on Chinese imports.

The leather for the jackets comes mostly from upstate New York. But the textile materials are imported from India and sometimes China. The zippers come from a Japanese company that has a plant in Georgia. “We say, ‘Made in America of domestic and imported materials,’” said Mike van der Sleesen, Vanson’s cofounder and president.