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Trump to reduce impact of auto tariffs, Commerce secretary says

www.reuters.com

reuters.com

President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said. "President Trump is building an important partnership with both the domestic automakers and our great American workers," Commerce Secretary Howard Lutnick said in a statement from the White House.

4 comments
  • Here comes the suspiciously narrow EO that provides marginal benefits to traditional manufacturers but a massive, market-changing benefit to Tesla.