Detroit's auto industry nervously watches, waits as tariff deadline fast approaches
"If the auto industry catches a cold, Detroit gets pneumonia," said John McElroy, auto industry expert.
Should Americans rush to buy a car before the tariffs? Here's what Trump says
President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.
Inflation remained elevated in February, data shows
Inflation remains a top economic concern for most Americans, even as it has fallen sharply from its 2022 peak.
Stellantis to offer voluntary buyouts for employees across 20 locations
Douglas King has been with Stellantis for close 30 years and the auto industry has changed and knows the company has to be nimble to compete.
Detroit homeownership wealth grows to $4.6 billion since 2014
A neighborhood on Detroit’s east side on 8-Mile is where Sonya Davenport lived for more than 30 years, and now, it’s paying off.
EU tariffs could hurt these states the most, analysis shows
If the European Union’s 27 countries move forward with retaliatory tariffs on the U.S., some states will be impacted far more than others.
Trump administration rehiring nearly 25K fired workers after court order, documents show
A federal judge ruled that the impacted workers at six federal government agencies will be rehired after they were fired in February.
Trump's 25% tariffs on all steel and aluminum imports take effect
President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know.
CPI February update: Egg prices up another 10% though inflation cools
February's CPI report showed egg prices were once again the most volatile, increasing by an average of 10.4% last month. Here's what else it showed.
Tariff impacts in Michigan: Canada moves forward with 25% surcharge on energy
Half a trillion dollars in trade between the U.S. and Canada and a good chunk of that crosses the Ambassador Bridge between Detroit and Windsor daily.
Late car payments rise to highest level in over 30 years
High car prices and elevated interest rates have strained auto loan borrowers.
Tesla stock hit hard as market drops
Tesla’s stock dropped 15% on Monday, deepening 2025 losses. The broader market also faces uncertainty from tariffs.
What is a recession? Here's the criteria and where the U.S. stands
Thanks to reporting lags and number revisions, recessions typically aren’t declared until well after they have begun.
Trump won't rule out recession this year
In an interview with Fox News Channel Sunday, President Trump brushed aside concerns from businesses seeking stability as they make investment decisions.
Trump talks tariffs, Shawn Fain and Detroit during media session
"You see the zig-zagging," he said. "You have a fender made in Canada, something else made in Mexico, we don't want that - we want it made here."
Jobs report shows solid gains but unemployment up slightly
The American job market has remained remarkably resilient, despite rising uncertainty amid a looming trade war, a purge of the federal workforce and mass deportations.
How Trump's tariffs will impact lumber prices and the housing market
Canada is the source of about 70% of US lumber imports. Canadian lumber is now facing a nearly 40% tariff.
Trump postpones tariffs on most goods from Mexico for one month
The tariff delay would apply to goods that are compliant with the trade agreement President Donald Trump negotiated with Canada and Mexico during his first term in the White House.
Trump pulls back on auto tariffs; here's where we currently stand
The president announced that he’s granting a one-month exemption on his new tariffs on imports from Mexico and Canada for auto manufacturers in the U.S.
US tariffs on Mexico, Canada take effect on Tuesday: What to know
New U.S. tariffs on imports from Mexico, Canada, and China take effect Tuesday, marking the most aggressive use of trade sanctions in decades.