General Motors and Cleveland-Cliffs signed a multiyear pact as automakers navigate the inflationary pressures caused by Trump's tariffs.
2 reports, 2 independent
Updated Aug 16
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What happened
General Motors and Cleveland-Cliffs signed a multiyear pact as automakers navigate the inflationary pressures caused by Trump's tariffs.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Trump's tariffs are reportedly negatively impacting the profits of major US automakers, General Motors and Ford.Also in this story
- Donald Trump is pushing policies related to taxes, trade, and border control.
- Ford plans to manufacture vehicles in Spain, while Trump has announced new tariffs affecting trade.
- Tariffs implemented by Trump are reportedly affecting companies in the state of Michigan.
- Trump outlined trade deal terms with Japan, leading to reduced tariffs and criticism from GM executives.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Cleveland-Cliffs
American steelmaking company
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General Motors
American multinational automotive company
Coverage
Newest first; wire copies grouped- BloombergCliffs Inks Multiyear Steel Pacts with US Automakers in Tariff Aftershock (Bloomberg) -- Cleveland-Cliffs Inc. has signed fixed-price contracts to supply steel to multiple US carmakers for up to thre
- Motley FoolWhy Cleveland-Cliffs Rallied Today Cleveland-Cliffs beat revenue and earnings expectations. Its CEO sounded optimistic on the prospect for tariff-related benefits. However, those benefits have yet to