Trump administration to offer relief to car manufacturers amid continued 25% tariff
The US administration plans to implement measures by Tuesday to reduce the impact of automotive import tariffs, allowing manufacturers additional time to shift production to US soil. While the 25 per cent tariffs on imported vehicles and components will continue, they will be restructured to prevent overlap with other tariffs. The automotive industry responded positively to these changes.
The US administration plans to implement measures by Tuesday to reduce the impact of automotive import tariffs, allowing manufacturers additional time to shift production to US soil. While the 25 per cent tariffs on imported vehicles and components will continue, they will be restructured to prevent overlap with other tariffs. The automotive industry responded positively to these changes.
