Japan, Trump and trade deal
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Barchart on MSNWill Ford Stock Follow in GM’s Footsteps and Plunge on July 30?The Q2 earnings season hasn’t treated Detroit automakers well. For instance, General Motors (GM) plunged over 8% yesterday, July 22, despite beating Q2 earnings estimates. The company disclosed a $1.1 billion hit from President Donald Trump’s auto tariffs in Q2 and reiterated that it expects the annual impact to be between $4 billion and $5
Ticker: Meta launches new teen safety features; US automakers say Trump’s 15% tariff deal with Japan puts them at a disadvantage
President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.