Trump says of climbdown on auto tariffs ‘we didn’t want to penalize’ American car markers – US politics live do sex sex to

Apr, 29 2025 20:03 PM

20.01 BSTTrump says he 'wanted to help' US automakers with order relaxing some car tariffsOn the auto tariff executive orders, Trump said: We just wanted to help [automakers] enjoy this little transition, short-term. If they can’t get parts, you know, it has to do with a very small percentage. If they can’t get parts, we didn’t want to penalize them. The president will sign an executive order later today to relax some of his 25% tariffs on autos and auto parts, a significant climbdown as the duties threatened to hurt domestic manufacturers.The change will allow carmakers with US factories to reduce the amount they pay in import taxes on foreign parts, using a formula tied to how many cars they sell and the price.The provision is intended to provide relief to businesses for two years as they rework their supply chains, White House officials said.They also said that parts made in Canada and Mexico that follow North America free trade rules would not face tariffs, an exemption previously described as temporary.ShareUpdated at 20.04 BST

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Trump says of climbdown on auto tariffs ‘we didn’t want to penalize’ American car markers – US politics live do sex sex to

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