President Donald Trump said he is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other.

The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles as well as for repairs and insurance. The latest tariffs, which President Trump ordered in March as part of his plan to promote domestic manufacturing,

A 25% import tax on engines, transmissions and other key car parts has come into force in the US, raising pressure on an industry finding its way through a thicket of policy changes. The new tariff comes days after Donald Trump eased the measure in response to business worries,

A new study has predicted that President Trump’s adjusted tariffs, which he amended on April 29, won’t stop car prices from rising but will likely slow the rate of increase. The analysis, researched by Michigan-based Anderson Economic Group (AEG),