financetom
Business
financetom
/
Business
/
Trump Administration Reportedly Plans to Ease Tariff Pressure on Domestic Auto Industry
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump Administration Reportedly Plans to Ease Tariff Pressure on Domestic Auto Industry
May 25, 2025 8:36 PM

05:45 AM EDT, 04/29/2025 (MT Newswires) -- The Trump administration will take steps to lessen the effects of auto tariffs by limiting duties on imported components used in American-made vehicles and preventing duplicate charges on cars manufactured abroad, multiple outlets reported Tuesday, citing a White House statement.

Commerce Secretary Howard Lutnick reportedly said the arrangement strengthens collaboration with domestic automakers and American workers while encouraging companies that plan to invest in and expand US operations.

According to The Wall Street Journal, companies that paid existing tariffs, such as those on steel and aluminum, would not be subjected to additional levies and could be eligible for reimbursements.

A White House official confirmed the WSJ's report and said the new measures will be made official on Tuesday, Reuters reported.

The White House did not immediately respond to MT Newswires' request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ameren Q2 EPS Rises, Revenue Falls; 2024 EPS Guidance Reaffirmed
Ameren Q2 EPS Rises, Revenue Falls; 2024 EPS Guidance Reaffirmed
Aug 1, 2024
04:54 PM EDT, 08/01/2024 (MT Newswires) -- Ameren ( AEE ) on late Thursday reported Q2 diluted earnings per share of $0.97, up from $0.90 last year. Analysts surveyed by Capital IQ expected an EPS of $0.94. Revenue for the quarter ended June 30 was $1.69 billion, down from $1.76 billion last year. Analysts polled by Capital IQ expected $1.87...
Coterra Energy Q2 Adjusted Earnings Decline, Revenue Increases
Coterra Energy Q2 Adjusted Earnings Decline, Revenue Increases
Aug 1, 2024
05:15 PM EDT, 08/01/2024 (MT Newswires) -- Coterra Energy ( CTRA ) reported Q2 adjusted earnings late Thursday of $0.37 per share, down from $0.39 a year earlier. Analysts polled by Capital IQ expected $0.39. Operating revenue for the quarter that ended June 30 was $1.27 billion, up from $1.19 billion a year earlier. Analysts surveyed by Capital IQ expected...
US targets surging grocery prices in latest probe
US targets surging grocery prices in latest probe
Aug 1, 2024
(Reuters) - The U.S. Federal Trade Commission will probe why grocery prices remain high even as costs for retailers fall, Chair Lina Khan said on Thursday, a key theme for the Biden-Harris administration as it heads towards the presidential election. Once the FTC votes to authorize the study, major grocery chains would be ordered to provide information on their costs...
--Cohen & Steers Maintains Quarterly Dividend at $0.59 a Share, Payable Aug. 22 to Shareholders Aug. 12
--Cohen & Steers Maintains Quarterly Dividend at $0.59 a Share, Payable Aug. 22 to Shareholders Aug. 12
Aug 1, 2024
05:12 PM EDT, 08/01/2024 (MT Newswires) -- Price: 84.28, Change: +0.09, Percent Change: +0.11 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved