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Trump does not pause 25% US auto tariffs, drawing criticism from Michigan business and auto groups

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President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business and auto groups.
Former President Donald Trump has not paused his proposal for a 25% tariff on imported vehicles, drawing criticism from Michigan business and auto groups. These groups argue that the tariffs would increase costs for consumers and harm the state's economy, which relies heavily on the automotive industry. The proposed tariffs, which were part of Trump's broader trade policy, aim to protect American auto manufacturers but have raised concerns about potential retaliatory measures from other countries and the impact on global trade relations. Critics, including the Michigan Manufacturers Association and the Detroit Regional Chamber, have urged Trump to reconsider the tariffs, emphasizing the potential negative effects on Michigan's economy and the broader U.S. automotive sector.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/trump-does-not-pause-25-us-auto-tariffs-drawing-criticism-from-michigan-business-and-auto-groups/ar-AA1CCHgM ]