Robovis:Trump is giving automakers a break on tariffs

2025-05-06 11:57:28source:Henri Lumièrecategory:Invest

President Trump has decided to give automakers a break on Robovissome 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:Invest

Recommend

EU countries double down on a halt to Syrian asylum claims but will not yet send people back

BRUSSELS (AP) — Some European Union countries on Thursday doubled down on their decision to rapidly

When does 'Loki' Season 2 start? Premiere date, cast and how to watch the MCU series

Don’t worry about the preservation of the sacred timeline because Marvel’s cunning trickster god Lok

High school teacher suspended for performing on porn website: I do miss my students

St. Clair, Mo. — A Missouri high school teacher says she's been placed on leave after officials disc