US President Donald Trump has announced plans to exempt carmakers from some of the country’s tariffs, a move aimed at boosting the automotive industry and mitigating the impact of a trade war. The decision comes as Trump continues to flex his muscles in international trade negotiations.
The exemptions are expected to apply to certain imported vehicles, particularly those assembled in the US, as well as related parts and components. This move is seen as an effort by Trump’s administration to support American carmakers and stabilize the industry.
Details of the exemptions remain scarce, with no specific timeline or details on which imports will be affected. However, industry insiders expect that some forms of automotive content such as imported electronics will still face tariffs.
Trump’s announcement is part of a broader strategy to shape US trade policy under his presidency. As tensions between the US and other nations continue to rise, Trump has vowed to use tariffs as an instrument of economic pressure to drive concessions from foreign partners.
Source: https://www.ft.com/content/fa0f6749-729e-41ca-917b-7b534041f6f8