Trump Pushes Tax Break on Car Loans as He Courts Auto Industry

Oct. 10, 2024, 8:23 PM UTC

Donald Trump vowed to boost the US auto industry by making interest on car loans fully tax-deductible and renegotiating a trade deal with Mexico and Canada as he sought to court business leaders and workers in swing-state Michigan.

“Your car industry is going out of business,” Trump said in an address at the Economic Club in Detroit on Thursday, touting his agenda as one that would revitalize an industry with deep roots in that city. “My goal is to see US auto manufacturing even greater than it was in its prime, and for Detroit and Michigan to be at the ...

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