U.S. President Donald Trump is planning to change rules on auto tariffs, the Wall Street Journal reports. Tariffs on foreign-made cars would be limited to 25% and levies on imported auto parts could be partially reimbursed.
Category
đ
NewsTranscript
00:00U.S. President Donald Trump will limit tariffs on foreign-made cars to 25 percent, the Wall Street Journal reports.
00:07Under new exemptions, automakers won't have to pay additional tariffs on top of that, like those Trump imposed on steel and aluminum.
00:15Automakers that had already paid for those extra duties will be reimbursed.
00:20Tariffs paid on foreign auto parts would also qualify for partial reimbursement.
00:24The plan to change comes just days before Trump is set to hold a rally outside of Detroit, a major U.S. auto manufacturing hub to mark 100 days in office.