Your guide is on what the Trump’s second term is for Washington, Business and the World
The president announces that he deprives the manufacturers of some of his steady duties and offers those that make their vehicles in US small discounts to offset the fees. Car Imported details will also be deprived of the tariffs for the steel administration and aluminum, officials said.
“We just wanted to help them enjoy this little transition, short-term,” Trump told reporters outside the White House. “If they can’t get the details, we didn’t want to punish them.”
On Tuesday, the executive orders will be drawn up by Trump’s steps, which is expected to sign the president during a trip to Michigan, the center of the American automobile production, where he will celebrate his 100th day.
The relief comes only four days before the administration had to impose 25 percent rate on imported car details. A separate 25 percent tariff for all car imports was imposed earlier this month and included some exceptions for Mexico and Canada.
A high official of the trade department said that Trump tariff changes were “developed to allow all household car manufacturers to increase their plan, develop work and build more factories in America.”
Financial Times first reported Trump A new plan for the tariffs on the car Last week. The president’s trade war has aroused anxiety in the automotive industry over the additional costs he faced with the increase in production in the US.
Although the executive order of Trump will simplify its tariff regime for car spare parts, the manufacturers will still be subjected to 20 percent tariff, which he applied with all imports from China.
Spare parts from Mexico and Canada, which comply with the rules of the USMCA trade agreement, will be left without tariffs. Incompatible vehicles will face 25 percent tariff.
According to a high -ranking official of the Department of Trade, the executive tariff discount would allow car manufacturers to collect their vehicles in the US to return up to 3.75 percent of the cost next year. From May 1, 2026 it will decrease to 2.5 percent and will be stopped on April 30, 2027.
The mitigation of the tariff stems from the lobbying industry to mitigate their costs and uncertainty of the policy. Cars including General Motors, Volvo Cars and Porsche, pulled either sharply reduced their recommendations on profit.
The Ford, GM and Stellantis heads welcomed help, although some executives complained that the tariff structure remained too complicated.
“We look forward to our further cooperation with the US administration to strengthen the competitive American automotive industry and export stimulation,” said Stellantis Chairman John Elkan.
GM Chief Executive Director Mary Bara said: “We believe that the president’s leadership helps the level of game conditions for companies such as GM, and allows us to invest more in the US economy.” Ford said Trump’s decisions “will help to mitigate the effects of tariffs on automakers, suppliers and consumers.”
Previously on Tuesday, GM refused the previous recommendations on profit And temporarily stopped the ransom, accusing the tariff uncertainty.
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2025-04-29 19:04:00
