US EditionTrump to reduce impact of auto tariffs, Commerce secretary says
- The Trump administration will announce on Tuesday a new tariff policy to reduce impacts of automotive tariffs in Michigan.
- This move follows pressure from automakers and industry groups warning that the 25% tariffs on cars and parts could harm the US supply chain and raise prices.
- The revised policy will prevent stacking of tariffs on foreign car imports and offer relief to manufacturers investing in domestic production.
- Commerce Secretary Howard Lutnick called the deal a “major victory for the President’s trade policy” and said it rewards companies committed to US manufacturing.
- This adjustment signals a policy shift aiming to support American automakers and workers while maintaining tariff revenue goals amid economic uncertainties.
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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.
US President Donald Trump will take action to mitigate the impact of new tariffs on the auto industry, which has warned of higher prices and a potential drop in sales and production.
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. ...
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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