The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased
Jamie L. LaReau and Jackie Charniga | Detroit Free Press Trump’s auto tariffs to hit $460 billion of US vehicle, parts imports As Donald Trump’s 25% tariff on U.S. auto imports kicks in, the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion worth of cars
Victoria Waldersee | Reuters Trump announces 25% tariffs on imported cars President Donald Trump announced a 25% tariff on imported vehicles and auto parts, effective April 3, aiming to boost domestic manufacturing. Cheddar Mercedes-Benz MBGn.DE is building up inventory levels in the U.S. at the wholesale level and at dealer lots to get ahead of tariffs due
US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump’s one-month pause on tariffs targeting automakers. Futures attached to the Dow Jones Industrial Average (YM=F) remained flat and the benchmark S&P 500 (ES=F) slipped 0.1%. Futures attached to the tech-heavy Nasdaq (NQ=F) fluttered 0.2%. CBOT
US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump’s one-month pause on tariffs targeting automakers. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) remained flat. Futures attached to the tech-heavy Nasdaq (NQ=F) fluttered 0.2%. CBOT – Delayed