Fortune· 1h ago· 1 min read
Flying to a rally at General Motors this week, President Donald Trump declared that “car companies are doing better than they’ve ever done” thanks to his tariffs .
“All because of Trump,” he said.
It was a message the Republican president repeated while touring a collection of new vehicles, predicting that “it’s amazing what tariffs will do for General Motors” before autographing a white Corvette commemorating America’s 250th anniversary. He later told a crowd of cheering supporters that “Michigan is thriving.”
That's not exactly true, according to many metrics. Tariffs have cost businesses in Michigan and across the country billions of dollars while helping to stoke inflation that has continued to run hot — despite Trump's assurances his business background would wipe it out.
Many Americans believe tariffs have pushed prices higher and the war in Iran has increased gasoline prices,…
Continue reading at FortuneDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Provident Q2 2026 slides: record revenue drives earnings beat
4m ago
Read More
Tetragon H1 2026 slides: NAV falls 3.1% amid portfolio losses
5m ago
Read MoreEarnings call transcript: The Marcus Corporation tops Q2 2026 estimates
5m ago
Read MoreUniversal Music Q2 revenue jumps on streaming, Downtown deal despite margin woes
5m ago
Read MoreYen surges, analysts suspect official Japanese intervention
6m ago
Read MorePermira-backed Reformation valued at $886 million as shares open flat in debut
6m ago
Read MoreLatest in Business
Earnings call transcript: HNI tops EPS estimates in Q2 2026, shares rise
Investing.com · 6m ago
TriMas Q2 2026 slides: profit surges 29% despite flat organic sales
Investing.com · 7m ago
AIXTRON H1 2026 slides: optoelectronics surge drives 81% order growth
Investing.com · 7m ago
Bryan Johnson says he might have taken 'this whole longevity thing too far'
Business Insider · 8m ago
Mortgage rates jump to their highest level in a year and show few signs of falling
MarketWatch · 11m ago
We moved from a big US city to a small town in Southern Italy 12 years ago. Raising kids here isn't what I expected.
Business Insider · 13m ago
Nearly a third of workers admit to sabotaging their company’s AI—and smaller paychecks may explain why
Fortune · 28m ago
‘I predict one day Amazon will fail’: Jeff Bezos once warned his company might only last 30 years. At 31, it’s the biggest company in the world
Fortune · 41m ago
Most Read Today
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 4d ago
Real Madrid close in on Yan Diomande as PSG withdraw from race
Yahoo Sports · 3d ago
Liverpool told to move for La Liga defender this summer
Yahoo Sports · 4d ago
After Trump launched war on Iran, hiked inflation through tariffs, Johnson labels election ‘common sense vs. communism’
Fortune · 3d ago
‘176,000 Nigerians visited Ghana in 2025’
Punch · 2d ago
FG predicts drop in cooking gas prices
Daily Trust · 2d ago
Insecurity: Group commends Tinubu’s approval of 12 new Nigerian Army Divisions
Nigerian Tribune · 2d ago
Six students sustain minor injuries as fire destroys Leklebi SHS House Master's apartment
3News · 4d ago