Trump to Sign Executive Order on Auto Tariffs | JQJO

•1y ago

Trump to Sign Executive Order on Auto Tariffs

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Donald Trump will sign an executive order on auto tariffs today. Treasury Secretary Scott Bessent stated that China could lose up to 10 million jobs if tariffs remain. He also anticipates no supply chain shocks and suggested potential income tax relief from tariff revenue. Further, Bessent reported progress on extending Trump's tax cuts and potential trade deals with India, South Korea, and Japan. Trump criticized Amazon's decision to include tariff costs in product prices as a 'hostile act'. Trump will hold a rally in Michigan tonight.

Published 2025-04-29 14:23:25 UTC · Published by JQJO

Published by JQJO Editorial Desk · AI assisted

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The Guardian

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