The developments helped eased some investor worries about the erratic trade policies of Trump as the president visited Michigan, a cradle of the U.S. auto industry, just days before a fresh set of 25% import taxes was set to kick in on automotive components. The trip, on the eve of his 100th day in office, […]
The move comes ahead of a Trump rally planned for Tuesday night near Detroit to mark the president’s first 100 days in office. The shift means companies paying 25 percent tariffs on car imports won’t also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first […]
Industry officials have held meetings with senior members of the Trump administration, including the President, asking them to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, under which the sector enjoyed a $75 billion annual trade surplus. Trump’s tariffs have ended its decades-old duty-free status. “Our government affairs team is hard at work […]
While U.S. President Donald Trump has claimed progress is being made on trade with China and many other countries, actual evidence is lacking. Treasury Secretary Scott Bessent failed on Sunday to back Trump’s assertion that tariff talks with China were underway. “The uncertainty itself is at least as damaging as the tariffs themselves, hurting the […]
In an interview conducted on April 22 with Time magazine and published Friday, Trump did not say when the call with the Chinese leader took place or specify what was discussed. “He’s called,” Trump said. “And I don’t think that’s a sign of weakness on his behalf.” China’s commerce ministry had already denied on Thursday […]
Trump, speaking to reporters on Air Force One, cited historical conflict in the disputed border region and said he knew both countries’ leaders, but did not answer when asked whether he would contact them. “They’ll get it figured out one way or the other,” he said as he traveled aboard his plane. “There’s great tension […]
U.S. District Judge Colleen Kollar-Kotelly in Washington ruled that the Trump administration cannot enforce parts of the order requiring federal election officials to assess whether people who are registering to vote are citizens. She declined, however, to block parts of the order that sought to force states not to count mail-in ballots received after election […]
US President Donald Trump has said he is “not happy” with deadly Russian strikes on Kyiv and that President Vladimir Putin should “stop” – but has not said if further action might be taken against Russia. Overnight into Thursday, the attacks on the Ukrainian capital killed at least 12 people and injured 90 others. The […]
The European Automobile Manufacturers’ Association (ACEA) said that sales of new Tesla vehicles in the bloc fell by 36 percent in March, and by 45 percent, to just over 36,000 units, in the first quarter compared to the same periods a year earlier. It was the biggest fall in sales of any of the major […]
Indeed, the pace of negotiations was brisk, White House press secretary Karoline Leavitt said, with 18 different countries offering proposals so far and Trump’s trade negotiating team set to meet with 34 countries this week to discuss tariffs. Trump himself expressed optimism that a trade deal with China could “substantially” cut tariffs, lifting markets. After […]
