CX Daily: China Unveils Monetary Support to Stem U.S. Tariff Impact

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In Depth: U.S. tariffs rattle global auto industry

At an October campaign rally in Michigan, then-presidential candidate Donald Trump vowed to revive the state’s auto industry if re-elected, promising that the world “will be talking about the Michigan miracle and the stunning rebirth of Detroit” by the end of his term.

He reiterated this pledge during his Jan. 20 inaugural address as the 47th U.S. president, declaring that carmakers would “build automobiles in America again at a rate that nobody could have dreamt possible just a few years ago.”