General Motors on Tuesday said tariffs on cars and auto parts drove $1.1 billion in losses over three months ending in June. A day earlier, Jeep maker Stellantis said it expects to have suffered $2.7 billion in losses over the first half of 2025 due in part to U.S. tariffs.

U.S. President Donald Trump said Friday he is weighing sending rebate checks to Americans funded by higher tariff revenue, according to a media report. “We’re thinking about that actually — we have so much money coming in,

US President Donald Trump said trade talks with Canada are not a focus for his administration right now, and instead of negotiating a deal he may decide to just leave existing import taxes in place.