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Trump to reduce impact of auto tariffs, officials say
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Trump to reduce impact of auto tariffs, officials say
May 25, 2025 8:28 PM

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.

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