Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
U.S. Expected to Expand Travel Ban to More Than 30 Countries 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards 
Trump’s New U.S. Strategy Seeks to Deter China and Protect Taiwan 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Spirit Airlines Reverses Pilot Furlough Plans Amid Updated Staffing Outlook 
Waymo Issues Recall After Reports of Self-Driving Cars Illegally Passing School Buses in Texas 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Australia Progresses AUKUS Review as U.S. Affirms Strong Support 
President Donald Trump met with General Motors (NYSE:GM) CEO Mary Barra on Wednesday to discuss the automaker’s U.S. investment plans amid rising trade tensions. Trump and Commerce Secretary Howard Lutnick have urged automakers to shift more production to the U.S., emphasizing the need for domestic manufacturing growth.
During the meeting, Trump highlighted GM’s intent to invest $60 billion, though details on the timeline remain unclear. Automakers have expressed concerns about policy uncertainty, particularly regarding tariffs and emissions regulations, which impact long-term investment strategies.
Trump recently imposed a 25% tariff increase on steel and aluminum, affecting nearly $150 billion in products, including vehicles and heavy machinery. While most domestic automakers source metals from North America, removing tariff exemptions for Canada and Mexico could drive up costs for suppliers.
Last month, Ford (NYSE:F) CEO Jim Farley warned that a 25% tariff on imports from Mexico and Canada could severely damage the U.S. auto industry. Stellantis (NYSE:STLA) has signaled a willingness to collaborate with Trump on U.S. manufacturing expansion but emphasized the need for gradual changes to protect business operations and consumers.
Trump has also threatened reciprocal tariffs on European, Japanese, and South Korean imports, potentially increasing vehicle costs. With the auto industry at a crossroads, manufacturers are seeking policy stability to make informed investment decisions.
A GM spokesperson stated, "We share President Trump’s goals of a strong and competitive American manufacturing base and economy." As trade policies evolve, automakers remain focused on balancing investments, production costs, and consumer pricing in a rapidly shifting economic landscape.
