The Trump administration has planned to simplify some tariffs on automakers so that companies do not hurt twice by its tariff, which now applies 25% of the 25% import tariffs on the parts of the vehicle as well as 25% to the steel and aluminum.
President Trump will travel to Michigan, the home base of the US automobile industry on his first 100 days in his second term.
“President Trump is building an important partnership with both the domestic automaker and our great American workers,” said Commerce Secretary Howard Lutnik. “When providing a runway to the manufacturers of investing in the United States and expanding domestic production, this agreement will be a big victory for the President’s trade policy by the agencies already produced by the producers.”
The 25% duty on imported vehicles And there will be auto parts, but automackers will not be subject to the imported steel and an additional 25% import duty on aluminum. The administration has said that the double -paying automackers will already be rewarded, the administration has said.
John Elkan, chairman of Stelantis, whose brands include Chrysler, Dodge, Jeep and RAM, praised the Trump administration’s auto industry’s steps to soften the tariff.
“Stelantis praised the customs relief system prescribed by President Trump,” he said in a statement. “Although we further evaluate the impact of customs policies on our North American operations, we are expecting our continued cooperation with the US administration to strengthen the competitive American auto industry and encourage export.”
Ford CEO Jim Farley expressed his support for the decision to cush down the auto industry from the impact of Mr. Trump’s tariff. Some vehicles may increase prices As much as $ 10,000 Analysts say because of tariffs.
“Ford President Trump welcomed and praised these decisions, which would help reduce tariffs on automaker, suppliers and customers,” said Ferley in a statement. “In the United States, we will continue to work closely with the administration in support of the President’s view for the healthy and growing auto industry. Ford sees the principles that encourage export and ensure that affordable supply chains are promoting more domestic growth as necessary.”
The tariffs are still shaking the car makers
Meanwhile, General Motors on Tuesday postponed its guidance and quarterly results from April 29 to May 1 to discuss its first-time conference call, so that it could evaluate potential tariff changes. GM posted strong financial results for its first trimester on Tuesday, but said that the Trump administration’s tariff would rebuild the expectations of 2025.
“We believe the future effects of the tariff may be significant, so we are restructuring our guidance, and we are hoping to share more if we have more precision,” “We believe,” “” We will not rely on the previous direction, and we will return to the market with clearly. “
Contributed to this report.
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