US EditionTrump changes plans on auto tariffs to help domestic automakers
- On April 29, 2025, President Donald Trump issued executive actions modifying auto tariffs to support U.S. Automakers.
- The tariff changes respond to economic pressures on automakers caused by a 25% tax on imported auto parts, steel, and aluminum.
- The orders provide rebates on domestically assembled vehicles for two years and allow more time for manufacturers to complete car production in the U.S.
- Trump described the adjustment as "a little flexibility" during a Michigan rally and claimed mortgage rates decreased by 0.2% since January while critics dispute claims of lower grocery prices.
- Experts remain cautious amid declining consumer confidence and await upcoming economic data to assess tariffs' short- and long-term effects on the economy.
72 Articles
72 Articles
Miller: Tariffs Saved The U.S. Auto Industry From Extinction
Stephen Miller, White House Deputy Chief of Staff for Policy, defended the administration’s tariffs on foreign automobiles, asserting that they were vital in preserving the U.S. auto industry. Miller argued that without these tariffs, the domestic industry would have vanished within a few years. He highlighted the historical dominance of the U.S. auto industry, which had once controlled the global market but has since shrunk to a fraction of its…
Ford chief: Industry needs more tariff help
Ford Motor Co. CEO Jim Farley said Wednesday that President Donald Trump’s actions this week to scale back auto tariffs will ease the burden on automakers, suppliers and consumers, but that the industry needs more relief to be “healthy and…
Trump Says He Will 'Slaughter' Automakers If They Fail to Manufacture in U.S.
Photo: Ryan Garza ~ USA TODAY NETWORK MACOMB COUNTY, April 30, 2025 ~ During a rally marking his 100th day in office, President Donald Trump said that he would “slaughter” auto makers financially if they don’t start producing their products in the U.S. During his Tuesday rally in Warren, Trump doubled down on his controversial immigration and tariff policies, the latter of which has seen huge financial headaches for consumers and businesses in …
Trump adjusts tariffs to lessen the impact for U.S. automakers through complex rules
President Donald Trump took measures to lessen the impact of tariffs on U.S. automakers, but vehicle prices are expected to increase. "We just wanted to help them during this little transition, short term," Trump said.
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