According to a report from the Wall Street Journal (sub. required), Michael Cohen, personal attorney to President Donald Trump, offered to provide consulting services to Ford. Reuters reports that Cohen touted his close connection to Trump, but his overture was quickly rejected before any specific fees were discussed, according to a person briefed on the matter.
The Trump administration will scale back the use of biofuels waivers for small refineries and count ethanol exports toward federal biofuels usage quotas as part of a broad overhaul of the nation's renewable fuel policy, a source briefed on the plans said on Friday.
Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies.
Chinese President Xi Jinping promised on Tuesday to open the country's economy further and lower import tariffs on products starting with cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.
The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, according to two sources familiar with the administration's thinking.
China warned on Friday it would fight back "at any cost" with fresh trade measures if the United States continues on its path of protectionism, hours after President Donald Trump threatened to slap tariffs on an additional $100 billion in Chinese goods. This atop the $50 billion in tariffs detailed by the U.S. earlier this week, which were immediately met by an equal amount from China.
The White House said late Thursday that President Donald Trump intends to nominate a top auto-safety agency official to run the National Highway Traffic Safety Administration as regulators debate reducing planned fuel efficiency increases through 202 and deal with contentious issues such as the Takata recall and autonomous vehicles.
German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 percent tax on U.S. car factory exports will hit nearly 270,000 vehicles, with German carmakers accounting for $7 billion of the $11 billion total.
It's the latest example of the president wading awkwardly into the global automotive industry.
South Korean auto companies believe that Washington will also seek to increase the 25,000-vehicle per U.S. automaker threshold for U.S. car shipments to South Korea.
Trade experts say the NAFTA talks are likely to stall in the face of aggressive U.S. attempts to sharply increase content requirements for autos and auto parts.
Senator Tammy Duckworth cites a potential conflict of interest.
"The President's Advisory Council on Infrastructure, which was still being formed, will not move forward."
"General Motors is about unity and inclusion and so am I."
EPA is asking the public for comments on Obama-era policy.
Limiters were supported by truckers and safety agencies.
The U.S. goods trade deficit with South Korea has more than doubled since the U.S.-Korea free trade pact known as KORUS took effect in 2012.
Electric bus maker Proterra secures another $55 million in equity funding, while Trump's Paris decision may have boosted sales.
What will this mean for the environment, the auto and oil industries, and the country's place at the global table?