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Trump weakens car tariffs after backlash
The climbdown, which came on the eve of Mr Trump’s 100th day in office and just before a fresh set of 25pc tariffs was due to kick in on imported automotive parts, followed an outcry from carmakers who warned of higher prices and a significant hit to sales.
"Downtown Detroit had been experiencing a rebirth of big business investment and a general revival of the shopping and ...
A decline in automobile production and an electric vehicle volume bust has left millions of square feet of factory ... for the Detroit 3 automakers, dealers, suppliers and ultimately, car buyers ...
"Your car business, your auto manufacturing will be bigger ... Last year, a Detroit News investigation found the state of Michigan had committed nearly $2.1 billion in direct tax dollars to ...
See how Detroit revives its automotive legacy with 3 bold ways, driving the electric vehicle future from Motor City roots in 2025.
On April 28, the Wall Street Journal first reported that Trump was set to pull back on the tariffs to help address concerns by Detroit-based domestic automakers General Motors, Ford and Stellantis, ...
"Used car market is going to pick up; you know, prices of new cars is going to help out the used car market," said Jason Latimer, the owner of Madison Motors in Madison Heights, Michigan.
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