The U.S. auto industry is preparing for the impact of new trade policies, including 25 percent tariffs, set to take effect in April after a 30-day delay.
The new tariffs pose a significant challenge for the "big three" U.S. automakers—Ford, Stellantis, and General Motors. With many vehicles and auto parts crossing the U.S.-Canada-Mexico border multiple times, the tariffs could dramatically increase costs for cross-border traffic.
While the full impact of the tariffs may take time to unfold, experts warn the fallout could be felt across various industries in Michigan. A recent study by Fitch Ratings highlighted that Michigan's economy would likely be the hardest hit in the U.S., with 19 percent of its imports coming from Canada, Mexico, and China.
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21:30
Pentagon
The Department of Defense has initiated an investigation into recent unauthorized disclosures of national security information, announcing that polygraph tests will be used as part of the probe, according to a memo published on the department’s website on Friday.
20:30
Boein ghas been awarded the contract to build the U.S. Air Force's most sophisticated fighter jet yet, dubbed the F-47, beating out competition from Lockheed Martin for a program worth more than $20 billion.
Here is a comparison of key U.S. Air Force fighter jet programs:
19:00
Barclays
Barclays has won a major legal setback for investors in two U.S. securities fraud lawsuits stemming from the bank's unauthorized sale of $17.7 billion in additional securities, a decision delivered by U.S. District Judge Lewis Liman in Manhattan on Friday.
17:30
Venezuela
Venezuelan President Nicolás Maduro announced in a televised address on Saturday that his government has reached an agreement with the United States to resume repatriation flights of Venezuelan migrants, with the first flights scheduled to begin on Sunday.
16:30
Social Security chief
U.S. Social Security Administration head Leland Dudek reversed his earlier assertion of "shutting down the agency" following a federal judge's clarification of a recent court ruling that limited billionaire Elon Musk's group's access to agency information.
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