Tariffs will slam car sales and production, analysts say
President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
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President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
What do we know about the idea of pausing the auto tariffs? So there has been no official timeline so far no firm timeline. But President Trump has said that he wants to give automakers time to increase domestic production.
On Friday, U.S. Customs released a bulletin stating Chinese electronics would be excluded from reciprocal tariffs. But then Sunday President Trump posted online there was no tariff exception announced on Friday. Electronics, he said, are moving to a different tier; and furthermore, said new tariff announcements would be made soon.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
U.S. businesses are starting to add a tariff fee to customer bills and shopping carts to offset rising import costs.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
China says it is raising tariffs on U.S. goods to 125%, escalating the trade war between the two countries.
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
Michigan Gov. Gretchen Whitmer earlier Wednesday delivered a speech while in Washington, outlining bipartisan efforts to grow the economy and boost manufacturing.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
President Trump's tariffs on imports from dozens of countries kicked in Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war.
President Trump and Israeli Prime Minister Benjamin Netanyahu met two days before new U.S. tariffs go into effect.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.
As the stock market continues to disappoint, the nonprofit organization Greenpath Financial tells CBS News Detroit that more people are coming to it now for help managing the stress of seeing what's happening with their finances.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
The likelihood of the U.S. entering a recession has jumped since President Trump announced new tariffs, according to Goldman Sachs economists.
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
The layoffs begin Monday and are expected to last for several weeks.
Countries targeted by President Trump for higher so-called reciprocal tariffs are due to go into effect on Wednesday.
Commerce Secretary Howard Lutnick said President Trump "wasn't kidding," and his reciprocal tariffs will take effect later this week.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Police in Livonia say they are investigating another incident of a masked individual walking onto residents' properties and getting into altercations with them.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
Onanna Jacy, a first-generation college student and daughter of immigrant parents from Bangladesh, was accepted to every college she applied to, including Harvard University, Yale University and Princeton University.
Officials say the repair itself is expected to cost between $3 and $5 million.
The Detroit Police Department is searching for a suspect in connection with a fatal shooting outside a barbershop on the city's west side.
Police in Livonia say they are investigating another incident of a masked individual walking onto residents' properties and getting into altercations with them.
Residents of an apartment complex in Plymouth were evacuated Thursday as first responders investigated a fire.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
Kim Mathers has been arrested for a second time this year on suspicion of driving while intoxicated and hitting a parked vehicle.
Onanna Jacy, a first-generation college student and daughter of immigrant parents from Bangladesh, was accepted to every college she applied to, including Harvard University, Yale University and Princeton University.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
U.S. Border Patrol Chief Michael Banks, who was appointed to the role last year, told staff on Thursday that he is stepping down.
James Harden scored a playoff-best 30 points and Donovan Mitchell had 21, helping the Cleveland Cavaliers come back from a nine-point deficit late in regulation and beat the Detroit Pistons 117-113 in overtime to take a 3-2 lead in their Eastern Conference semifinal series.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
The Detroit Lions will host the defending NFC North champion Chicago Bears in Detroit's annual Thanksgiving Day game.
James Harden scored a playoff-best 30 points and Donovan Mitchell had 21, helping the Cleveland Cavaliers come back from a nine-point deficit late in regulation and beat the Detroit Pistons 117-113 in overtime to take a 3-2 lead in their Eastern Conference semifinal series.
Carson Benge delivered his first big league walk-off hit, a 10th-inning single, lifting the Mets past the Tigers 3-2 on Wednesday night.
With the series tied 2-2, fans are eager to see their team take control, especially after the Pistons protected home court in both of their wins so far.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
A senior at Cass Technical High School in Detroit relied heavily on social media to navigate the college application process. Now, she is headed to one of the nation's most prestigious universities.
The water is back on here in Auburn Hills but for many residents and business owners, questions remain about what comes next — from water bills and business losses to how officials plan to prevent something like this from happening again.
President Trump and China's Xi Jinping met Thursday and agreed that the Strait of Hormuz "must remain open" and that Iran "can never have a nuclear weapon," according to the White House. Natalie Brand reports
Eminem's ex-wife, Kim Mathers, has been arrested for a second time this year on suspicion of driving while intoxicated and hitting a parked vehicle.
The Michigan Department of Natural Resources is making changes for hunters starting in the 2027 deer season. The department decided on Wednesday to institute the "one buck rule" for the Lower Peninsula, restricting hunters to harvesting only one antlered deer per hunting season.