Trump Aims to Alleviate Impact of Auto Tariffs, Possible Action on Tuesday
2025-04-29 / Read about 0 minute
Author:小编   

On April 29, sources cited by the Wall Street Journal revealed that the Trump administration intends to implement measures to soften the blow of auto tariffs. These measures specifically entail preventing the accumulation of tariffs on foreign-made vehicles with other existing tariffs, and easing tariffs on certain foreign components used in U.S. car production. This signifies that automakers will no longer face additional tariffs, such as those on steel and aluminum, on top of Trump's auto tariffs. Furthermore, the Trump administration will revise the tariff policy for foreign auto parts. The initially scheduled 25% tariff rate, due to take effect on May 3, will be adjusted to permit automakers to receive tariff compensation equivalent to 3.75% of the value of U.S.-made cars within the first year, which will then decrease to 2.75% in the second year, and eventually be phased out. Trump is anticipated to announce this decision on Tuesday evening, marking the 100th day of his presidency, prior to his trip to Michigan to attend a rally outside Detroit.

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