Latest news with #Day100
Bloomberg
01-05-2025
- Automotive
- Bloomberg
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.
Fox News
24-04-2025
- Politics
- Fox News
Trump to hold rally Tuesday in celebration of first 100 days, Leavitt says
President Donald Trump is slated to hold a rally in Michigan next week in celebration of the first 100 days of his second term in office, White House press secretary Karoline Leavitt noted in a post on X. "President Trump is excited to return to the great state of Michigan next Tuesday, where he will rally in Macomb County to celebrate the FIRST 100 DAYS!" Leavitt declared in the tweet. Trump, who was sworn in on Jan. 20, is the second U.S. president elected to two non-consecutive terms — the first was President Grover Cleveland in the 19th century. Trump won the state of Michigan in 2016 and 2024, but lost it in 2020. His 2016 win in the state snapped a lengthy Republican losing streak — the last time Michigan had gone to a Republican in a presidential contest was in 1988. "There is no better place to celebrate Day 100 than Macomb County," House GOP conference chair Rep. Lisa McClain, R-Mich., declared in a post on X, adding, "Welcome, @POTUS! Rep. John James, R-Mich., said in a tweet, "Macomb County is honored to welcome President @realDonaldTrump back to MICHIGAN to celebrate the first 100 days of America's New Golden Age. Together, we will Make Michigan Great Again." James launched a gubernatorial bid earlier this month.
