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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.
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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.

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Forbes broke the news in United States on Tuesday, April 29, 2025.
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