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President Xi Jinping’s decision to quickly retaliate against Donald Trump’s sweeping tariffs sent the world a clear message: If the U.S. wants a trade war, China is ready to fight.

It’s unclear what percentage of the cost Stellantis is willing to pay and suppliers would have to meet a number of requirements in order to qualify for the program.

The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on U.S. materials costs even before  any new tariffs on the sector.

President Donald Trump threatened additional tariffs of 50% on China on April 7, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war.

President Donald Trump remained defiant on April 7 as global markets continued plunging and fears of a recession grew after his tariff announcement last week.

In addition to uncertainty around tariffs, other less-publicized issues are threatening to upend global supply chains.   

Jeep maker Stellantis is offering fresh discounts across its brands while Hyundai pledged to hold prices steady until June 2 in a bid to ease fears that tariffs will make cars more expensive.

Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships.

Nissan Motor decided to stop selling a pair of Mexican-built Infiniti SUVs in the U.S. market, in response to President Donald Trump’s sweeping tariffs on car imports.

China announced April 4 that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following the U.S. slate of tariffs.