At a meeting Tuesday with American auto industry executives, President Trump vowed to bring "manufacturing back to the United States, bigly." Trump, speaking to the CEOs of General Motors, Ford, and Chrysler, laid out plans to reduce taxes and "unnecessary" environmental regulations. "We want regulations, but we want real regulations that mean something," Trump said, calling environmentalism "out of control."
Auto executives went into the meeting hoping to gain some "clarity" on Trump's push for manufacturing to stay in the U.S. and his vow to impose hefty border taxes if companies move their plants to Mexico. American automakers say it would be a strain for all production to occur within the U.S., and some experts estimate Trump's proposed taxes could increase car prices, reducing consumers' options.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The week's best photosIn Pictures A tomato fight, painting behind bars, and more
-
Mountainhead: Jesse Armstrong's tech bro satire sparkles with 'weapons-grade zingers'The Week Recommends The Succession creator's first feature film lacks the hit TV show's 'dramatic richness' – but makes for a horribly gripping watch
-
Seeing Each Other: Portraits of Artists – a 'riveting' exhibitionThe Week Recommends Pallant House exhibition offers fascinating instances of painterly reciprocity
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
