US EditionTrump to reduce impact of auto tariffs, Commerce secretary says
- The U.S. Administration will announce on Tuesday a plan to reduce the impact of automotive tariffs imposed on foreign cars and parts, with a related Michigan visit by President Trump.
- This decision follows automaker complaints that the high 25% tariffs on imported cars, steel, aluminum, and parts would harm the auto industry and supply chains, despite support from labor unions.
- The new tariff structure will prevent tariffs from stacking on imported cars containing foreign parts, rewarding companies that manufacture domestically and giving time for investments in U.S. Plants.
- Commerce Secretary Howard Lutnick called this "a major victory for the President’s trade policy" that aligns with boosting domestic manufacturing while easing costs for automakers.
- This move suggests a softened approach to trade enforcement aimed at protecting the auto sector and American jobs but also highlights the ongoing uncertainty around tariff policies.
417 Articles
417 Articles
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Trump tempers auto tariffs, winning cautious praise from industry
President Donald Trump moved Tuesday to soften tariffs on automakers, sparking cautious optimism in an industry that has been on tenterhooks as it awaits details on the fast-evolving policy.
Customs duty: Donald Trump will temporarily lighten the customs invoice of automakers
US President Donald Trump plans to announce on Tuesday a temporary relaxation of the customs surcharges applied since the beginning of April to automotive imports into the United States, a measure that should benefit all vehicles manufactured in the country. ...
Trump rectifies again and softens tariffs on the automobile sector with retroactive effect
The chaos caused by Donald Trump’s erratic trade policy continues to mutate in form. This Tuesday, the President of the United States has rectified again and decided to soften the tariffs imposed on the automobile sector. He does so, in addition, with retroactive effects, curling the curl of uncertainty and legal uncertainty. Trump’s rectification occurs, in addition, after business managers have been trying to influence to uproot that concessio…
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