Trump outlined trade deal terms with Japan, leading to reduced tariffs and criticism from GM executives.
1 report, 1 independent
Updated Jul 24
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What happened
Trump outlined trade deal terms with Japan, leading to reduced tariffs and criticism from GM executives.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The trade pact between Trump and Japan has been criticized and is negatively impacting Detroit's auto industry.Sub-event
GM executive Jim Farley criticized Trump's trade policy following the outline of new tariff terms with Japan.1 source
Keep 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.
- Potential benefits of Trump-era tariffs are being discussed, with specific tariff rates compared to US deals involving Ford and Korea.
- Nike and General Motors are facing the reality of tariff costs, absorbing or passing them on as of August 15, 2025.
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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General Motors
American multinational automotive company
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Jim Farley
Nothing else this week.
Related events
- Trump proposes tariffs on countries buying Russian oil and gas, while Fed policy affects global sentiment.
- Trump administration raises tariffs, leading to a trade war with China, which retaliates with matching tariff increases and economic decline.
- The Institute for Supply Management noted on August 8, 2025, that tariffs from the Trump administration were causing market volatility and hurting industry and consumers.
- Trump imposed tariffs on Canadian autos and steel, while Canada countered with surtaxes on Chinese EVs and steel, leading to trade talks collapse.
- Aggressive tariff plan caused market tanking, impacting Cincinnati Financial.
Coverage
Newest first; wire copies grouped- ReutersJapan trade deal sparks hope for US investors, frustration for automakers By Nora Eckert and David Shepardson DETROIT (Reuters) -Shares of General Motors, Ford Motor, and Jeep-maker Stellantis, some