Trump says tariffs increase the amount of tax raised by the government, encourage consumers to buy more American-made goods and boost investment in the US. He wants to reduce the US trade deficit - the gap between the value of goods it buys from other countries and those it sells to them.

The president said U.S. auto manufacturers have committed more than $70 billion in new domestic investment and cited announcements by Ford Motor Company, General Motors and Stellantis as evidence that production is returning to the United States.

Trump ramped up pressure on the Fed in Michigan while defending tariffs as a driver of auto jobs, factory investment and a revival of U.S. manufacturing.

The year 2025 was pathbreaking for the auto industry as President Trump sought to make good on his tariff-heavy, low-regulation campaign promises.

If President Trump follows through, some of Iran’s biggest trading partners, including China and India, could be hit hard.

(The Hill) — Elon Musk’s focus on American-made products at Tesla could shield his company from the brunt of President Donald Trump’s new tariffs on foreign vehicles and automobile parts. While foreign automakers and American consumers anticipate ...

US President Donald Trump defended his tariff-driven trade policy and said a 25 per cent tariff on foreign automobiles was aimed at stopping what he