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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10:22
US - UK
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
17:30
US tariffs
The European Commission has proposed potential countermeasures on up to €95 billion worth of US goods should ongoing trade negotiations with Washington fail to resolve current tariff disputes.
15:50
Ukraine - US
Ukraine’s parliament has ratified a landmark minerals and economic partnership agreement with the United States, aiming to bolster bilateral cooperation and unlock investment potential, while navigating regional conflict dynamics and future reconstruction plans.
11:33
Georgia
The US Embassy in Georgia has cautioned American citizens about potential security threats at several major shopping malls in Tbilisi, though Georgian officials have refuted the claims as unfounded.
10:49
WORLD NEWS
In his first interview since leaving office, Joe Biden expressed concern over proposed peace deals for Ukraine that involve territorial concessions, describing them as a dangerous form of appeasement while also addressing US-Europe relations and his own political decisions.
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