As United Auto Workers strike against the leading U.S. automakers, former President Donald Trump took credit for saving
"When I came into office, the auto industry was on its knees, gasping its last breaths after eight long years of Obama and Biden," TrumpSept. 27 at Drake Enterprises in Clinton Township, outside Detroit."It is no exaggeration to state the Trump presidency and the deftly used and applied Trump tariffs and taxes saved the American auto industry from extinction time and time again.": Trump neither inherited a nearly dead auto industry nor revived it.
The majority of Trump’s trade deals and tariffs hurt the auto industry or had no significant impact during his presidency. In particular, Trump’s 2018 tariffs on steel and aluminum significantly hurt the U.S. auto industry.GM, Ford, and Chrysler almost died a decade ago during the financial crisis — here's how the auto giants have changed sinceEmail interview, Mark Schirmer, Cox Automotive Inc. spokesperson, Sept.
Email interview, Katheryn N. Russ, economics department chair at the University of California, Davis, Sept. 29, 2023 When I took office, “the auto industry was on its knees gasping its last breath.” Trump administration “tariffs and taxes saved the American auto industry from extinction.""Since the mid-'90s, this country has been governed by revolving continuing resolution and omnibus spending bill. … That is the reason we're $33 trillion in debt.
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