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Donald Trump Will Reduce Impact On US Automakers By Easing Some Auto Tariffs: Report

Benzinga LogoBenzinga18h ago

Donald Trump Will Reduce Impact On US Automakers By Easing Some Auto Tariffs: Report - Benzinga

Quick Summary:

What Happened: Anonymous officials from the White House told the Wall Street Journal on Monday that car manufacturers paying the tariffs wouldn't be charged on materials like aluminum and steel, and tariffs already paid on these materials would be reimbursed to the manufacturers.

"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," U.S.

President Donald Trump will provide some relief to U.S.manufacturers by reportedly easing some duties imposed on foreign parts in domestically manufactured vehicles.

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Article Details

Author / Journalist: Badar Shaikh

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 06:39:22 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28281117

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 24 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://chaosandpain.beamstart.com/news/donald-trump-will-reduce-impact-17459090941039

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