Henri Lumière-Trump is giving automakers a break on tariffs

2025-05-06 23:09:34source:Goldenes Intelligentes Münzhandelszentrumcategory:Markets

President Trump has decided to give automakers a break on Henri Lumièresome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:Markets

Recommend

Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co

Paula Abdul and Nigel Lythgoe have settled their lawsuit a year after the allegations sent shockwave

Jax Taylor and Brittany Cartwright Reunite at Their Son Cruz's 3rd Birthday Party Amid Separation

Exes Jax Taylor and Brittany Cartwright are putting family first.More than a month after revealing t

Critics call out plastics industry over fraud of plastic recycling

Jan Dell is a former chemical engineer who has spent years telling an inconvenient truth about plast