01-May-2025
Corporate News
 
Trump offers automakers tariff relief after worries they could hurt US factories
01-May-2025

President Donald Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, 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. Trump portrayed the changes as a bridge toward automakers moving more production into the United States.

News Source:- https://www.financialexpress.com/world-news/trump-offers-automakers-tariff-relief-after-worries-they-could-hurt-us-factories/3828082/?ref=morelatest_hp