US EditionTrump to reduce impact of auto tariffs, Commerce secretary says
- President Donald Trump will ease tariffs on foreign auto parts for U.S.-made vehicles, according to Commerce Secretary Howard Lutnick.
- Automakers will not face additional tariffs on steel and aluminum due to a new agreement, and they can receive reimbursements for previously paid tariffs.
- The 25% tariff on imported vehicles remains, but automakers are expected to commit to increased domestic production.
- Ford CEO Jim Farley expressed gratitude for the tariff relief, stating it will assist automakers, suppliers, and consumers.
284 Articles
284 Articles
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. ...
US tariffs: Trump plans exceptions for car manufacturers – also for German manufacturers
The U.S. government is refining the customs regulations for car manufacturers. Vehicles, which are produced at least 85 percent in the USA, are to remain duty-free. The Trade Minister proposed a transitional period of three years.
Trump to Grant Carmakers Some Relief From His Punishing Tariffs
President Trump plans to sign an executive order Tuesday that will walk back some tariffs for carmakers, administration officials said, removing some levies that Ford, General Motors and others have complained would backfire on U.S. manufacturing by raising the cost of production and squeezing their profits. The changes will modify Mr. Trump’s tariffs so that carmakers who pay a 25 percent tariff on imported cars are not subject to other levies,…
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