GM's $5 Billion Tariff Hole Is Still Dangerously Deep
General Motors Co. confirmed on Thursday that half a hole is still a hole. The company issued updated guidance for 2025, which had been delayed from Tuesday in order to accommodate another iteration of President Donald Trump's auto tariffs thinking, which evolves faster than your average flu virus and feels about as good. Chief Executive Mary Barra kicked off the call by noting that GM is 'grateful to President Trump for his support of the auto industry.' Listening remotely, I couldn't quite detect the grinding of her teeth but that didn't matter — the new guidance revealed the truth.
During the intervening 48 hours, Trump visited Detroit as part of a Day 100 victory tour to shore up his sagging polling. He announced some relief measures for US auto manufacturers from his own tariffs. The two main concessions involved preventing the stacking of auto-related country tariffs on top of general ones, especially those placed on imported steel and aluminum, and offering a rebate on tariffs placed on auto parts linked to vehicle prices. The latter lasts for two years and tapers down over that time. Assuming an average sticker price of $50,000, the rebate in the first year is worth about $1,900 per vehicle, reducing the impact from auto parts tariffs by about 50%, CreditSights estimates.
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Los Angeles Times
11 minutes ago
- Los Angeles Times
Letters to the Editor: Why pro-Palestinian protests can actually help protect Jewish students
To the editor: Although I have no qualms calling out President Trump's exploitation of antisemitism charges to silence dissent and defund education, I object to this article's premise that the college protests make Jews unsafe and would argue the opposite is true ('Being Jewish on campus amid Trump's campaign against antisemitism: 'tremendous heartache,'' June 9). Pro-Palestinian protests on campus increase Jewish people's safety because they challenge the normalization of Israel's bombardment and blockage of food, water, medicine and fuel on a starving and caged population in Gaza. Once we normalize and arm the slaughter and imposition of starvation on Gaza, we normalize crimes against humanity everywhere, leaving us all unsafe. Moreover, Israel's proclamation that it is the state of the Jewish people unfairly associates Jews worldwide with its policies of apartheid and ethnic cleansing. I live in Santa Barbara, where I supported the UCSB encampment in the spring of last year and continue to applaud students of all denominations who say, 'Never again means never again for anyone.' Equating such protests and encampments with antisemitism does us all a disservice. I do not want to be associated with Israel's war crimes, as alleged by Amnesty International, Human Rights Watch and the International Court of Justice and International Criminal Court, and appreciate the opportunity to participate in the anti-Zionist group Jewish Voice for Peace. Not in our name! Marcy Winograd, Santa BarbaraThis writer is a member of the California legislative team for Jewish Voice for Peace.
Yahoo
15 minutes ago
- Yahoo
New Jersey governor's race is set as Mikie Sherrill and Jack Ciattarelli win their primaries
Democratic Rep. Mikie Sherrill and Republican Jack Ciattarelli have won their parties' primaries for governor in New Jersey, NBC News projects, setting up one of the most closely watched races of the year. New Jersey is one of two states with governor's races this year, and the contest will be an early sign of how voters are responding to President Donald Trump's second term. Sherrill beat out five other Democrats for her party's nod, pitching herself as the most electable candidate — after her party struggled in the state last year compared with other recent presidential elections — and as a Democrat willing to stand up to Trump. She also leaned heavily on her background as a former Navy helicopter pilot and on criticism of Trump. "It's going to take a strong voice to cut through the noise from Washington and deliver for the people. So I stand here tonight doing just that. And as a mom of four teenagers, you guys know I'm not going to put up with the incompetent, whiny nonsense coming from aggrieved MAGA Republicans,' Sherrill told her supporters Tuesday at a victory rally. 'You probably can't do better than to quote George Washington at this moment: Fix the bayonets, I'm resolved to take Trenton,' Sherrill added. Ciattarelli, who had Trump's endorsement in the primary, defeated four other Republicans for the nomination in which he also appealed to voters' desire for electability, casting himself as the Trump ally best positioned to win the Democratic-leaning state in November. Ciattarelli came close in 2021 to defeating Democratic Gov. Phil Murphy, who cannot run for re-election because of term limits. And during his victory speech, he panned Sherrill as "Phil Murphy 2.0" and pitched a vision for an inclusive GOP that would buck years of Democratic control in the state. "We made a strong statement about what the New Jersey Republican Party stands for: A party open to anyone and everyone who is willing to work hard and play by the rules; a party of Jersey values and common sense policies; a party that believes our best days are ahead of us if, if we have the courage to think big and act boldly," Ciattarelli said. The Democratic primary featured Sherrill and five other prominent Democrats, including Newark Mayor Ras Baraka, Jersey City Mayor Steve Fulop, Rep. Josh Gottheimer, teachers union president Sean Spiller and former state Senate President Steve Sweeney. While Sherrill, the only woman in the field, was a persistent leader in limited public polling, victory was far from certain as millions of dollars flooded the New Jersey airwaves. Sherrill was winning more than one-third support with most of the expected Democratic vote tallied, holding a double-digit lead over Fulop, the next-closest Democrat. Sherrill showed early signs of strength in crucial Essex County, which is home to the most registered Democrats. The Essex County Democrats endorsed her, but the county also includes Newark, which Baraka leads. Sherrill won around 43% of the mail-in vote, followed by Baraka at 24%, Fulop at 17%, Gottheimer at 10%, Spiller at 5% and Sweeney at 1%. Sherrill proved to be a strong fundraiser, and she did have help from an aligned outside group, One Giant Leap PAC, which launched ads boosting her in the final weeks of the race. Sherrill also racked up support from the most county Democratic parties, prompting some critics to tie her to the state's Democratic political machine. Sherrill touted her military service and her success flipping a longtime Republican House district in 2018 as she made her case to primary voters. While each of the candidates presented a different path forward for the party, Sherrill said the 'obvious' path is to 'effectively govern.' 'Ruthless competence is what people in New Jersey want to see in government,' Sherrill told NBC News before she marched in the Asbury Park Pride parade. 'And that's what I've always provided, and that's what I think stands in stark contrast to the most incompetent federal government we've probably ever seen in this nation.' Ciattarelli leaned on his endorsement from Trump in the final weeks of the race, in which he faced former radio host Bill Spadea, state Sen. Jon Bramnick, former Englewood Cliffs Mayor Mario Kranjac and contractor Justin Barbera. Ciattarelli trounced his opponents, winning more than two-thirds support with most of the expected vote in. Spadea was in a distant second at 22%, followed by Bramnick, Kranjac and Barbera in single digits. Trump hosted a tele-rally as early voting kicked off this month, telling supporters that Ciattarelli is 'going to help us with a win this November and send a powerful message to the entire country that New Jersey is turning red.' But Ciattarelli did have to overcome attacks from Spadea, his chief competitor in the primary, who highlighted Ciattarelli's past criticisms of the president as proof he was not sufficiently pro-Trump. Trump ultimately backed Ciattarelli about a month before the primary, writing on Truth Social that Ciattarelli is now '100%' MAGA and is best positioned to win in November. Both Ciattarelli and Sherrill have already previewed the general election fight, sparring on social media over Trump's sweeping domestic policy bill and his recent decision to federalize California National Guard troops despite Democratic Gov. Gavin Newsom's objections. Sherrill has tied Ciattarelli directly to Trump, who lost the state by 6 points in November after he lost it by 16 in 2020. Sherrill's recent TV ad warns, 'MAGA's coming for New Jersey with Trump-endorsed Republican Jack Ciattarelli,' and she said at a primary debate last month that Ciattarelli is 'not going to stand up to Trump on anything.' It remains to be seen whether Ciattarelli will put some distance between him and Trump in the Democratic-leaning state, but he has said he would campaign with Trump this year. Ciattarelli has also previewed how he might push back against Democrats who try to tie him to Trump, often noting that the next governor must address four crises facing the state: affordability, public safety, education and overdevelopment. 'Last time I checked, this was a race for governor,' Ciattarelli said at a recent campaign stop. 'And so what is it that President Trump has to do with those windmills of our Jersey Shore? What does he have to do with the fact that we have the highest property tax in the nation? What does he have to do with the failure of our public school system, which just slipped from two to 12 on the national report card? What does he have to do with the overdevelopment of our suburbs?' 'They broke it, they own it,' Ciattarelli said of Democrats in charge of the state government. 'And we're not going to let anybody forget it over the next five months.' This article was originally published on
CNN
15 minutes ago
- CNN
ICE protests nationwide come as agency scrambles to meet Trump's immigration arrest quotas
Protests unfolding nationwide against President Donald Trump's immigration agenda come as Immigration and Customs Enforcement races to meet White House arrest quotas. Since Trump took office, ICE, which had previously been operating with a set of guidelines focused on public safety and national security threats, has had to pivot as the key agency at the core of the president's campaign promise to carry out mass deportations. While the administration has touted its immigration crackdown publicly, privately officials have come under fire for failing to meet White House arrest quotas, according to multiple sources familiar with the discussions, For some agents, the greater latitude was a welcome move, allowing them to have more discretion on who they arrest. Still, agents have continued to come under pressure from senior Trump officials to arrest more people, including those with no criminal records. White House deputy chief of staff Stephen Miller, architect of the administration's most hardline immigration policies, communicated that urgency in a meeting last month with senior ICE officials, telling agents to search anywhere and everywhere for undocumented immigrants, according to multiple sources. ICE agents have shown up at routine immigration checks, immigration courts, and worksites, among other locations. The speed at which agents are trying to arrest migrants in the United States has raised alarm among immigrant advocates and former ICE officials. White House border czar Tom Homan maintained this week that despite protests, ICE operations to enforce Trump's immigration policies would continue. 'They'll continue every day, not only in California, Los Angeles, they're gonna continue every city across the country – we have teams throughout the country that are out there looking for those in the country,' Homan told CNN's Kaitlan Collins Monday on 'The Source.' 'We're in every city and country, and ICE is going to be out every single day and will continue to be there regardless what's happening in LA.' The arrests have also strained ICE detention, serving as yet another reminder of the logistical challenges the administration still faces as it tries to ramp up deportations. As of Monday, there were about 55,000 people in ICE custody. The agency, which relies in part on cooperation with local jails, is only funded for 41,500 beds.
