Photo: Ryan Garza ~ USA TODAY NETWORK
MICHIGAN, May 19, 2025 ~ An economic outlook from the University of Michigan shows potential struggles for automakers in the state due to tariffs from the Trump administration.
According to an article from Crian’s Detroit Business, U.S. auto sales are projected to fall by about 188,000 annually for the next 3-5 years. The sales dip is attributed to President Donald Trump‘s aggressive, yet inconsistent, tariff polices in an attempt to spur U.S. production.
PODCAST:
May 19, 2025 ~ Crain’s Detroit Business Managing Business Editor Mike Lee talks with Lloyd Jackson and Chris Renwick about mortgage companies adopting AI to automate tasks such as paperwork processing, the redevelopment of the old KMart headquarters moving forward with plans for a University of Michigan outpatient center, John James’ donation from the DeVos family, and more.
760 WJR TOP NEWS STORIES:
