Automakers

Top 5 stories of the week: Trump’s tariff threats; Toyota’s Jack Hollis retires

President Donald Trump gives his inaugural address at a podium with the presidential seal in the U.S. Capitol rotunda.
President Donald Trump, pictured at his Jan. 20 inauguration, indicated that he will implement tariffs on imports from Canada and Mexico on Feb. 1. (BLOOMBERG)
January 24, 2025 03:45 PM

President Donald Trump took office with plans to impose tariffs of as much as 25 percent on Mexico and Canada by Feb. 1 and revoked an executive order from the Biden administration that called for 50 percent of all new passenger cars and light trucks to be zero emission by 2030.

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