The White House stated that in 2025, new U.S. vehicle sales rose by 2.4 percent — the industry's strongest performance since 2019.
Earlier this year, analysts claimed President Donald Trump's Made in America trade agenda would "deal a serious blow to automakers," "cut sales by millions," and "increase prices."
These so-called experts could not have been more wrong, the White House said in an article published on Tuesday.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.