A proposed 25 percent tariff on imported car and auto parts could drive up prices for American shoppers. Depending on the model, consumers could be shelling out nearly $7,000 more per vehicle. CBS News.. CBS News
Analysts at Nomura noted the key data events from overnight.
*Philly Fed survey:*
"July Philly Fed survey points to continued healthy momentum in the manufacturing sector, while.. FXstreet.com
Jul.19 -- John Bozzella, Association of Global Automakers president and chief executive officer, discusses the growing storm over the Trump administration's car tariffs with Bloomberg's Shery Ahn and..
The Trump administration on Thursday came under withering criticism from automakers, foreign governments and others as officials consider imposing tariffs of up to 25 percent on imported cars and.. Reuters
The average price of imported vehicles sold in the United States could jump by thousands of dollars if the Trump administration imposes tariffs under a worst-case scenario provided by the Center for.. CP24
Banks and other large U.S. stocks fell Thursday, but smaller companies climbed, which made for a mixed finish on Wall Street. Representatives of the auto industry addressed Congress and spoke out.. SeattlePI.com Also reported by •New Zealand Herald •Seattle Times
· *CBOE Volatility Index rises more than 6% on Thursday.*
· *Trump criticizes the Fed's monetary policy.*
· *European Commision says the EU will retaliate if the U.S. imposes tariffs on European.. FXstreet.com
U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. Reuters Also reported by •Reuters India
OTTAWA, Ontario (AP) — Canada's government is warning the Trump administration that it will hit back if the U.S. imposes tariffs on imports of Canadian automotive products.Kirsten Hillman is Canada's.. New Zealand Herald