Auto tariff relief: Trump to sign executive order on day of Michigan trip
- President Trump will sign an executive order on April 29 in Michigan to ease 25% tariffs on autos and parts.
- The order responds to pressure from automakers who face production stoppages and layoffs due to tariff-related costs.
- It offers rebates up to 15% of a vehicle's value for cars assembled domestically with at least 85% U.S.-made parts.
- General Motors and Stellantis praised the deal, while analysts warned that tariff instability harms an industry relying on stability.
- The order aims to support U.S. Auto manufacturing and jobs by offsetting tariffs but keeps the 25% levy in place to encourage domestic production.
62 Articles
62 Articles
Trump signs executive orders to give automobile industry some tariff relief
U.S. President Donald Trump signed executive orders Tuesday that he said will give some temporary relief to an automotive industry besieged by multiple tariffs that have caused anxiety and concern throughout the deeply integrated North American market.
Relief on auto tariffs coming, Treasury secretary says • Idaho Capital Sun
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2024. (Photo by Mario Tama/Getty Images)WASHINGTON — Treasury Secretary Scott Bessent signaled a reprieve on auto tariffs will come Tuesday ahead of the president’s stop in Michigan to mark his first 100 days in office. Bessent and White House press secretary Karoline Leavitt confirmed President Donal…
Relief on auto tariffs coming, Treasury secretary says • Tennessee Lookout
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2024. (Photo by Mario Tama/Getty Images)WASHINGTON — Treasury Secretary Scott Bessent signaled a reprieve on auto tariffs will come Tuesday ahead of the president’s stop in Michigan to mark his first 100 days in office. Bessent and White House press secretary Karoline Leavitt confirmed President Donal…
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