Trump to Ease Tariffs on US Car Makers
Tap title to read story
President Trump is expected to announce measures easing the impact of his tariffs on US car manufacturers. Commerce Secretary Howard Lutnick hailed the move as a victory for the President's trade policy, rewarding domestic manufacturing. The announcement, to be made at a Michigan rally, will reduce import duties on vehicle parts from abroad, while cars manufactured outside the US remain subject to tariffs. This exemption will focus on specific import duties on components.
President Trump is expected to announce measures easing the impact of his tariffs on US car manufacturers. Commerce Secretary Howard Lutnick hailed the move as a victory for the President's trade policy, rewarding domestic manufacturing. The announcement, to be made at a Michigan rally, will reduce import duties on vehicle parts from abroad, while cars manufactured outside the US remain subject to tariffs. This exemption will focus on specific import duties on components.
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
