President Donald Trump imposed the tariff on certain AI chips, such as the Nvidia H200 AI processor ​and a similar semiconductor from AMD called the MI325X, under a new national security order released by the White House.

The president said U.S. auto manufacturers have committed more than $70 billion in new domestic investment and cited announcements by Ford Motor Company, General Motors and Stellantis as evidence that production is returning to the United States.

The year 2025 was pathbreaking for the auto industry as President Trump sought to make good on his tariff-heavy, low-regulation campaign promises.

Trump ramped up pressure on the Fed in Michigan while defending tariffs as a driver of auto jobs, factory investment and a revival of U.S. manufacturing.

In a tale of two speeches, Michigan Gov. Gretchen Whitmer has offered a rebuttal to President Donald Trump's defense of his tariff policies, made just days before by the president in Detroit.

Mr. Trump and his supporters have taken the opposite view, arguing that the strong economy is evidence the president’s economic plan is working perfectly. The president has been able to usher in the highest tariffs in a century with minimal inflation and a booming economy, they say.

US President Donald Trump defended his tariff-driven trade policy and said a 25 per cent tariff on foreign automobiles was aimed at stopping what he

President Donald Trump offered a full-throated defense of his sweeping tariffs on Tuesday, traveling to swing-state Michigan to push the case that he’s boosted domestic manufacturing in hopes of countering fears about a weakening job market and still-rising prices that have squeezed American pocketbooks.