Today, Governor Gretchen Whitmer kicked off an investment mission to Singapore and Japan, marking the first-ever official investment mission by a Michigan governor to Singapore. The trip will be led by Governor Whitmer and the Michigan Economic Development Corporation (MEDC) in partnership with a delegation of public- and private-sector leaders from across the state, underscoring Michigan’s commitment to strengthening global relationships and welcoming international business investment, even amid economic
Multiple experts in the automotive industry believe that tariffs imposed by the administration of President Donald Trump are causing most Tier One suppliers to halt hiring for open positions and may result in a wave of staff layoffs before the end of this year. But if the tariff picture is settled, there are positive signs ahead for the automotive industry from the federal spending signed into law in early July to a state research and development grant. Despite the presence of tariffs, the U.S. economy
Welcome to your resource for navigating the evolving landscape of U.S. tariffs in 2025. As trade policies shift rapidly, especially concerning key partners like China, Canada, and Mexico, staying updated is crucial for businesses and consumers. Our platform offers current updates on tariff implementations, reductions, and exemptions, providing clear insights into how these changes impact various industries. Whether you're seeking timelines, analysis of recent trade agreements, or guidance on compliance,
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Governor Gretchen Whitmer signed an executive directive asking various state offices to investigate, calculate, and report the latest impact of tariffs on Michigan’s economy. Reaching its highest point in 115 years, the tariff rate has raised costs and weakened the supply chain, impacting leading Michigan sectors like manufacturing, the auto industry, and agriculture. The executive directive comes a day before President Trump’s August 1 tariff deadline. "I have heard from countless Michiganders alarmed