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The Latest Breaking News from Jonathan Smoke

New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify

To fulfill Trump's campaign promise, House GOP lawmakers want to offer a tax deduction for car loan interest. How would it work?

Kiplinger

U.S. Vs. World: What Trump Tariffs Mean For The U.S. Economy And Stock Market

President Trump is going full bore on tariff hikes, aiming for a fundamental transformation of the economy. The stakes are huge for U.S. businesses and the stock market.

Investors Business Daily

Why Trump’s 25% tariffs on autos could backfire

Nearly half of the cars sold in the US are imported and Trump’s 25% tariff will add at least $6,000 to the sticker price of the average car, industry experts say

The Guardian - US

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How Lower Interest Rates Affect Your Finances

The Fed's rate cuts will provide relief for some borrowers, but savers will have to work harder to get decent returns.

Kiplinger

Tesla Reports Drop In Auto Sales, While Toyota Sees US Surge

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales.

International Business Times

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes

American consumers bought 15.6 million new vehicles last year

The Independent UK

The UAW won big in the auto strike — but what does it mean for the rest of us?

Here's what the UAW's lucrative contract might mean for workers, companies and car buyers.

WEKU

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Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?

From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit’s automakers

The Independent UK

Average Electric Vehicle Prices Plummet As Oversupply Concerns Grow

Analyst predicts that increasing EV inventory and falling prices could have a positive impact on EV adoption in the long run.

InsideEVs

Cox Automotive increases its 2023 new-vehicle sales forecast

Analysts at Cox Automotive are expecting a much brighter year for U.S. auto sales in 2023 with an improvement in fleet sales leading to expected sales of 15 million, up from the previous prediction of 14.1 million.

Tribune News Service

As the causes of US inflation grow, so do the dangers

What keeps driving inflation so high

People

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