US EditionLutnick says Trump's autos tariff relief aimed at reshoring production to US
18 Articles
18 Articles
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.
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…
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 …
U.S. President Donald Trump will sign a decree exempting the country’s car manufacturers from 25 percent tariffs to give them time to bring parts supply chains back home, Trade Secretary Howard Lutnick said Tuesday. Car manufacturers would receive credits of up to 15 percent of the value of vehicles assembled in the U.S. that could be applied to account for the value of imported parts, Lutnick told journalists.
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