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Trump praises tariffs as GM, Ford unveil $7B shift

7/31/2026

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Story summary
  • U.S. President Donald Trump rallied at GM Proving Grounds in Milford, Michigan, saying tariffs revived the auto industry, claiming a 71% trade-deficit drop for March-Oct 2025, and endorsing Rep. John James.
  • Combined, GM and Ford announced a $4 billion shift from Mexico and a $3 billion battery-park pledge.
  • The BLS reported Michigan lost about 4,000 auto jobs by June 2026, offset by 500 new jobs, while manufacturing fell 7,000 jobs and inflation was 3.5%.