04/29/2025

Trump to Give Automakers Tariff Relief for Building in the U.S., Lutnick Says

This represents the latest acquiescence to offset the tariffs' impact on American companies

President Donald Trump will sign an order on Tuesday giving automakers building vehicles in the U.S. relief from part of his latest 25 percent vehicle tariffs to allow them time to bring parts supply chains back home, said Commerce Secretary Howard Lutnick.

Automakers would receive credits for up to 15 percent of the value of vehicles assembled in the U.S. that could be applied against the value of imported parts, Lutnick told reporters.

Autos and parts subject to the 25 percent Section 232 autos tariffs would no longer be subject to Trump's other tariffs, including 25 percent duties on Canadian and Mexican goods, as well as 10 percent duties applied to most other countries.

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