WASHINGTON, April 28 (Reuters) - President Donald
Trump's administration will move to reduce the impact of his
automotive tariffs on Tuesday by alleviating some duties placed
on foreign parts in domestically manufactured cars and keeping
tariffs on cars made abroad from stacking on top of other ones,
officials said.
"President Trump is building an important partnership with
both the domestic automakers and our great American workers,"
Commerce Secretary Howard Lutnick said in a statement.
"This deal is a major victory for the President's trade
policy by rewarding companies who manufacture domestically,
while providing runway to manufacturers who have expressed their
commitment to invest in America and expand their domestic
manufacturing."
The Wall Street Journal first reported the development.