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Tariffs

UAW President Backtracks on Trump Tariffs

UAW President Backtracks on Trump Tariffs

After backing Democratic Kamala Harris’s candidacy in 2024, Shawn Fain shocked many observers by strongly supporting President Donald Trump’s tariffs. But the head of the United Auto Workers Union is now backing down. While he still backs tariffs targeting the auto industry he has dubbed Trump’s broader trade war “reckless.” Headlight.News has more.

New Car Sales Jump in March But Tariffs May Cause 1.8M Drop in 2025 Sales

New Car Sales Jump in March But Tariffs May Cause 1.8M Drop in 2025 Sales

Automakers got to celebrate a bit in March as new vehicle sales jumped 10.7% compared to year-ago numbers. However, that celebration is likely to be short-lived, if the assertions in a new report prove true. The tome authored by Telemetry’s Sam Abuelsamid predicts sales will fall 1.8 million units in 2025 and the next several years don’t look much better, reports Headlight.News.