Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

US President Donald Trump announces plan to tariff all imported cars 25%

Source Fxstreet

US President re-announced his plan to add a 25% tariff on all cars imported to the US on Wednesday. Trump highlighted that the tariffs on all cars not produced in the US would take effect on April 2, when the US is also set to impose far-reaching "reciprocal" tariffs on all of its trading partners.

Key highlights

Auto tariffs will be 25%.

Auto tariffs in effect April 2, collecting from April 3.

Reciprocal tariffs will be on all countries.

Auto tariffs are permanent.

Big 3 automakers will move parts production to the US.

Administration is forming a deal on TikTok.

China will have to play a role.

Possible will grant China tariff reduction on TikTok deal.

Plans to continue targeting Houthis indefinitely.

Imposing tariffs due to EU mistreatment.

Elon Musk did not advise on auto tariffs.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold rebounds to $3,946 off $3,870 as oil does the Fed's work — but the ETF bid is still missing Gold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.

Author Irene Q.

Nov 03, Tue

Gold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.

TradingKey Daily Market Brief: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22% During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl

Author TradingKey

Nov 06, Fri

During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 6, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.

Author Mitrade

Nov 06, Fri

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.

Gold's $250 week runs into the last payrolls before December Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.

Author Irene Q.

Nov 06, Fri

Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.

Micron's $4.5 billion Taiwan fab won't make a chip until 2028 — the market sold it as a 2026 problem Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.

Author Irene Q.

Nov 06, Fri

Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.

Popular Symbols