FXHedge
FXHedge|Apr 29, 2025 23:29
TRUMP EASES TARIFFS ON IMPORTED AUTO PARTS THROUGH EXECUTIVE ORDER (WP) President Donald Trump signed an executive order Tuesday afternoon softening tariffs on imported car and car parts, in a reprieve to auto-manufacturers who had protested the levies. While 25 percent taxes will remain on imported vehicles, the White House is changing the tariffs to ensure that they are not “stacked” on top of other levies, such as for the steel and aluminum commonly used in automobiles, according to senior Commerce Department officials. Auto companies that finish building cars in the United States will also get some relief from tariffs on imported auto parts for two years. Full article: https://www.msn.com/en-us/news/politics/trump-eases-tariffs-on-imported-auto-parts-through-executive-order/ar-AA1DRzU0?ocid=msedgntp&pc=HCTS&cvid=8897eed5edf54daff2058f1e800b13bf&ei=49
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