WASHINGTON, April 29 (Reuters) - U.S. President Donald
Trump will sign an order giving automakers building vehicles in
the U.S. relief from part of his new 25% vehicle tariffs to
allow them time to bring parts supply chains back home, Commerce
Secretary Howard Lutnick said on Tuesday.
Automakers would receive credits for up to 15% of the value
of vehicles assembled in the U.S. that could be applied against
the value of imported parts, Lutnick told reporters.
Autos and parts subject to the 25% Section 232 autos tariffs
would no longer be subject to other tariffs imposed by Trump,
including 25% duties on Canadian and Mexican goods, as well as
10% duties applied to most other countries.