The Trump administration says automakers won’t get hit twice by its tariffs, which have applied to both auto parts as well as steel and aluminum.
The Trump administration plans to ease some tariffs on automakers to ensure the companies aren’t hit twice by its tariffs, which now apply a 25% import duty to car parts as well as 25% on steel and aluminum.
President Trump will travel to Michigan, the home base for the U.S. automobile industry, to mark his first 100 days of his second term.
“President Trump is building an important partnership with both the domestic automakers and our great American workers”, Commerce Secretary Howard Lutnick said. “This deal will be a major victory for the president’s trade policy by rewarding companies who are already manufacturing domestically, while providing a runway to manufacturers who have expressed their commitment in investing in America and expanding domestic manufacturing.”
The 25% tariff on imported vehicles and auto parts will remain, but automakers won’t be subject to the additional 25% import duty on imported steel and aluminum.
