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Trump to reduce impact of auto tariffs, Commerce secretary says

  • President Donald Trump will reduce automotive tariffs by lessening duties on foreign parts in domestic cars on April 29, 2025, as confirmed by a White House official.
  • Automakers had warned that imposing new tariffs would lead to higher prices and fewer vehicle sales.
  • Commerce Secretary Howard Lutnick stated that this deal rewards companies manufacturing domestically and supports American jobs, calling it a significant victory for trade policy.
  • General Motors CEO Mary Barra expressed gratitude to Trump, stating that his leadership helps level the playing field for U.S. Companies.
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ABC FOX MontanaABC FOX Montana
+16 Reposted by 16 other sources
Center

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.

·Missoula, United States
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TucsonTucson
+19 Reposted by 19 other sources
Center

Trump to offer automakers some relief on his 25% tariffs

President Donald Trump was scheduled to sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts, the White House said.

·Tucson, United States
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Hart Energy broke the news in on Monday, April 28, 2025.
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