Lutnick says Trump's autos tariff relief aimed at reshoring production to US

Stellantis: Belvidere assembly plant to reopen in 2027 despite tariff policy change

BELVIDERE, Ill. (WTVO) — Stellantis says it is still on track to reopen the Belvidere Assembly Plant in 2027, despite shifting policies on auto tariffs from the White House. On Tuesday, President Donald Trump will sign an executive order to relax some of the 25% tariffs on autos and auto parts, a reversal designed to ease the strain on domestic automakers. “We just wanted to help them during this little transition, short term,” Trump told report…

Lutnick to Newsmax: 'America First' Is Not 'America Exclusively'

Let's just get it fair,  Howard Lutnick told Rob Schmitt Tonight in an exclusive sit-down Wednesday. It'll be better for America, I get it, but we're not just America first and America exclusively.

Crushed by the wheels of industry - Lawyers, Guns & Money

Unsplash – Lenny Kuhne Billionaire Howard Lutnick has a vision for Americans who aren’t billionaires: Tending robots and fixing HVAC in factories. Forever. You go to the community colleges and you train people. So all the community colleges around here, Arizona State or the Grand Canyon. All these community colleges here are training people right now, technicians. And these are really good paying jobs. They start at 70s, 80s, 90 thousand dollar…

Big Tesla win? Sec Lutnick says cars with 85% domestic content will face zero tariffs

It appears that Tesla may see itself with a notable advantage in the United States. This is, at least, as per recent comments from United States Commerce Secretary Howard Lutnick. Lutnick’s Comments In recent comments to reporters, Lutnick stated that vehicles finished in the United States with 85% domestic content will have no tariff applied, as noted in a report from The Guardian. Automakers that meet this threshold stand to gain an advantage …

Trump readies auto tariff offsets, ‘destacking’ to ease supply chain reshoring

President Trump on Tuesday will sign an executive order creating an auto tariff “offset” for automobiles assembled in the U.S. that will start at 3.75 percent of a vehicle’s retail price and drop to zero over two years, while waiving other sectoral and origin-based tariffs for the industry to give companies time to transition their supply chains to U.S. facilities.    Two senior Commerce Department officials previewed the policy during an April …

White House’s latest tariff relief seems great for Tesla, dismal for other automakers

Commerce Secretary Lutnick on Tuesday said that vehicles with high domestic content will not face tariffs....