US President Donald Trump has shared his first reaction to the GDP figures which were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth Social, Trump claims: "this is Biden’s Stock Market, not Trump’s".

Yet even with the new waivers, the outlook for America's longest-lived carmakers remains cloudy, with General Motors saying Tuesday it was "reassessing" its earnings guidance in light of the uncertainty over the tariffs' impact.

President Donald Trump will soon announce moves to reduce the impact of his tariffs on the U.S. auto industry, a top Trump administration official confirmed late Monday.

President Donald Trump is holding a rally in Michigan on Tuesday to mark the first 100 days of his second term, staging his largest public event since returning to the White House in a state that has been especially rocked by his steep trade tariffs and combative attitude toward Canada.

Trump touts economy at Michigan 100-day rally, as Americans grow wary Trump renewed his criticisms of Fed Chair Powell and doubled down on calls for Congress to slash taxes, a plan that budget analysts said could add trillions to the nation's $36.