FT News Briefing
Rolls-Royce flies high
Mar 27, 2025
The U.S. is set to impose a hefty 25% tariff on foreign-made autos, shaking up the automotive industry. Meanwhile, Piyush Gupta is stepping down as CEO of Singapore’s DBS Bank, after a remarkable 16-year tenure. UK inflation has unexpectedly dropped to 2.8%, providing a glimmer of hope in economic challenges. On a high note, Rolls-Royce has experienced a substantial rise in share prices, largely thanks to strategic leadership from its new CEO, who has implemented transformative changes to revitalize the company.
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Quick takeaways
- The U.S. has announced a 25% tariff on automotive imports, aiming to stimulate its domestic car industry despite concerns from manufacturers about supply chain disruptions.
- Rolls-Royce's turnaround under CEO Tufan Erginbilgich has led to an eightfold increase in share price by focusing on comprehensive transformation and performance culture.
Deep dives
Impact of U.S. Tariffs on the Auto Industry
The U.S. government announced a 25 percent tariff on automotive imports, which President Trump claims will bolster growth in the American car industry. However, car manufacturers have expressed concerns that such tariffs may disrupt supply chains and escalate vehicle prices domestically. Following the announcement, shares of major automotive companies, including General Motors and Ford, dipped in after-hours trading, highlighting investor worries about potential fallout. This tariff is part of a broader series of tariffs imposed by the U.S. on various goods, including steel and aluminum, indicating a significant shift in trade policy.
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