Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Donald Trump arrives to welcome the Super Bowl champions the Philadelphia Eagles to the South Lawn of the White House on Monday. Credit: AP/Alex Brandon
President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.
Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. White House press secretary Karoline Leavitt said at a Tuesday briefing that Trump would sign the order later in the day but declined to provide details on the order.
Treasury Secretary Scott Bessent, who joined Leavitt at the White House briefing, said the goal was to enable automakers to create more domestic manufacturing jobs.
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