Key facts
- President Donald Trump stated that businesses are returning to the U.S. from countries like South Korea, Japan, and Germany.
- He made these remarks during a visit to a General Motors facility in Milford, Michigan.
- Trump reiterated that companies manufacturing vehicles in the U.S. will not face tariffs.
- He defended his administration's use of tariffs, including a 25% tariff on foreign automobiles, to reduce trade deficits and strengthen manufacturing.
U.S. President Donald Trump asserted on Monday that businesses, including automotive and other industries, that had relocated to countries such as South Korea, Japan, and Germany are now returning to the United States. Speaking during a visit to a General Motors facility in Milford, Michigan, Trump highlighted his administration's efforts to revive American manufacturing through measures like tariffs.
Trump reiterated his policy that automakers building their products in the U.S. will not be subject to tariffs. "If you build in a factory in Michigan or someplace in our country, and make your automobiles or trucks right here in America, you pay zero taxes, zero tariff," he said.