Trump announce the relocation of reducing tariffs on car manufacturers

President Donald Trump It is expected that on Tuesday, Michigan will announce a decision to reduce the influence of tariffs on automakers, confirmed Fox Business.

A source in the Trump administration said the decision stems from the good efforts of the automotive industry to move back to the US, adding that Trump wants to give them a “runway” with its business.

Trade Secretary Howard Lutnik said the president was “building an important partnership” with “home automakers and our great American workers”.

“This transaction is a major victory for the president’s trade policy by rewarding companies producing domestically, while providing the runway and a manufacturers who expressed their commitment to investing in America and expanding their home production,” Lutnit said.

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President Donald Trump on Tuesday will announce a decision to reduce the influence of tariffs on automakers, said the Fox Business Administration official. (Frederick J. Brown / AFP via Getty Images / Getty Images)

The decrease will prevent automakers who already pay tariffs, and aluminum are also duty, The Wall Street Journal reports. Automers would also be allegedly compensated for tariffs already paid.

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The decision to reduce tariffs for automakers comes when the industry has made good efforts to return production to the US, the official said. (Jeff Kowalski / AFP via Getty Images / Getty Images)

The tariffs were decided by the Trump administration in an attempt to increase domestic production, and it is planned to impose a separate 25% tariff for auto parts starting on May 3.

Initially, the spare parts corresponding to the US-Mexico Caven agreement will be released, although the trade department will develop a plan for tariffs for non-US components.

It is expected that the agency will set the process of tariffs for other auto parts by the end of June by the end of June.

President Donald Trump is expected to make a statement affecting automakers on Tuesday in Michigan. (Reuters/Phil McCarten/Photo File)

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Because it was imposed 25% tariff On all imported cars In April, cars experts were concerned that the cost of new vehicles across the field would bring a mass blow.

This year, the National Association of Car dealers has caused concern about “relevant clients with vehicles they can afford”, describing it as “a permanent task for new cars and trucks in America.”

Fox Business’ Edward Lawrence and Daniela Genoveze contributed to this report.