Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories

[Eugene]

Source: Associated Press

WASHINGTON (AP) — President Donald Trump will sign executive orders 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. Trump portrayed the changes as a bridge toward automakers moving more production into the United States.

“We just wanted to help them during this little transition, short term,” Trump told reporters. “We didn’t want to penalize them. ”

Treasury Secretary Scott Bessent, who spoke earlier at a White House briefing on Tuesday, said the goal was to enable automakers to create more domestic manufacturing jobs.

-snip-

By JOSH BOAK and ALEXA ST. JOHN
Updated 4:00 PM EDT, April 29, 2025


Read more: https://apnews.com/article/trump-tariffs-automakers-factories-relief-25a400c98e02c01c8c54502384e267e1

[underpants]

1. More erratic unplanned behavior

[ImNotGod]

2. What a joke, auto corps lie as good as tRump telling the dumbass that they need time to build new factories here

when we all know they won't make any capital investments on an EO tariff but they got a good stall until dumbass figures out no factories are being built.

[usonian]

3. Trump will save auto makers from whatever hellatious bastard proposed tariffs!!!

Joe Biden, I presume?

[mdbl]

4. He'll blame anyone but himself

and then announce how he brought back the economy.

[usonian]

5. When will they ever learn? NT

[mdbl]

8. Not holding my breath

[wolfie001]

7. I'm wondering how long this dog and pony show will go on

tRUMP keeps folding. Then he has an episode of lunacy and puts the tariffs back on.