financetom
Business
financetom
/
Business
/
US to consider new national security tariffs on auto parts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US to consider new national security tariffs on auto parts
Sep 16, 2025 8:14 AM

WASHINGTON (Reuters) -The U.S. Commerce Department said Tuesday it will consider industry requests to impose tariffs on additional imported auto parts in the coming weeks on national security grounds.

In May, Trump imposed 25% auto tariffs on more than $460 billion worth of imports of vehicles and auto parts annually, but has since struck deals to reduce those tariffs on some countries. The department said Monday domestic producers of automobiles or automobile parts, or any industry association can ask for tariffs on additional parts to be imposed that have national security impacts.

"The automotive industry is in a state of rapid development for various technologies, including in the areas of alternative propulsion systems, autonomous driving capabilities, and other advanced technologies," the department said, adding the industry needs "the opportunity to identify new and emerging automotive products with importance for defense applications."

Last month, the Commerce Department said it was hiking steel and aluminum tariffs on more than 400 products including numerous auto parts totaling $240 billion in annual imports. The parts include automotive exhaust systems and electrical steel needed for electric vehicles as well as components for buses.

A number of groups on Tuesday including the Chamber of Commerce as well as trade associations representing U.S. and foreign automakers and auto parts firms urged the Commerce Department "to eliminate further unpredictable expansions."

The groups in a letter said "the recent expansion was implemented without adequate notice and creates significant unintended costs, complexity, and uncertainty for U.S. businesses."

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 >
FedEx's freight spinoff plan to fortify core business, boost industry
FedEx's freight spinoff plan to fortify core business, boost industry
Dec 20, 2024
By Abhijith Ganapavaram (Reuters) - FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday. Shares rose 8% before the bell after the announcement late on Thursday and were set to add $5 billion to the company's market cap,...
Primis Financial's Board Approves Stock Repurchase Program, Regains Compliance With Nasdaq Listing Rule
Primis Financial's Board Approves Stock Repurchase Program, Regains Compliance With Nasdaq Listing Rule
Dec 20, 2024
06:58 AM EST, 12/20/2024 (MT Newswires) -- Primis Financial ( FRST ) said Thursday that its board of directors approved a stock repurchase program for up to 740,600 of the outstanding shares of the company's common stock, effective immediately through Dec. 19, 2025. The company also said that the Nasdaq Hearings Panel has granted the company's request for continued listing...
Emeren Group to Sell 2.8 MW Maine Solar Project to Altus Power
Emeren Group to Sell 2.8 MW Maine Solar Project to Altus Power
Dec 20, 2024
06:59 AM EST, 12/20/2024 (MT Newswires) -- Emeren Group ( SOL ) announced Friday the sale of its 2.8 megawatt Maine solar project to Altus Power ( AMPS ) . Financial terms were not disclosed. Emeren ( SOL ) said the project is the last of its Maine assets. ...
FedEx's freight spinoff plan to fortify core business, boost industry
FedEx's freight spinoff plan to fortify core business, boost industry
Dec 20, 2024
By Abhijith Ganapavaram (Reuters) - FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday. Shares rose 8% before the bell after the announcement late on Thursday and were set to add $5 billion to the company's market cap,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved