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The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

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Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

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Current price of oil as of June 1, 2026

1

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

2

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

3

Current price of oil as of June 1, 2026
Economy

Detroit automakers ask White House to be spared from new tariffs

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Gabrielle Coppola
Gabrielle Coppola
and
Bloomberg
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February 20, 2026, 7:52 PM ET
Ford CEO Jim Farley (C) speaks to U.S. President Donald Trump as Trump makes an announcement on changes to the country's fuel economy standards in the Oval Office at the White House on December 3, 2025.
Ford CEO Jim Farley (C) speaks to U.S. President Donald Trump as Trump makes an announcement on changes to the country's fuel economy standards in the Oval Office at the White House on December 3, 2025.Chip Somodevilla/Getty Images

Detroit’s automakers asked the White House to shield them from new tariffs that President Donald Trump vowed to impose after the Supreme Court struck down most of his global duties. 

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The American Automotive Policy Council, which represents General Motors Co., Ford Motor Co. and Jeep-maker Stellantis NV, sent a letter to Trump’s trade team on Friday seeking to preserve a framework that protects them from paying multiple import taxes on vehicles and parts, according to a person familiar with the matter, who asked not to be identified discussing the private communication.

Read More: Supreme Court Axes Tariffs; Trump Responds With New Rate

Automakers are facing billions of dollars in additional costs from Trump’s tariffs, particularly those levied on imported autos and car parts. Those tariffs, as well as levies targeting steel and aluminum, were implemented under a law that gives the president authority to impose import taxes on national security grounds. The duties were unaffected by the Supreme Court’s ruling that struck down Trump’s broader import taxes imposed on many countries.

The president signed a pair of directives last April that eased the impact of his tariffs on the automotive industry, in part by preventing multiple levies from piling on top of each other.

The person said the White House hasn’t yet responded to the letter, which was reported earlier by the Wall Street Journal.

Trump said Friday that he planned to impose a flat 10% levy on foreign goods in the coming days, and that he would order a raft of trade investigations that should allow him to enact more permanent tariffs.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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