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Trump to Grant Some Auto Tariff Relief
Hindustan Times Bengaluru
|April 30, 2025
President Donald Trump was set to sign an executive order on Tuesday to soften the impact of his automotive tariffs, the White House said.
WASHINGTON:
Administration officials said the moves would alleviate some duties on foreign parts in cars manufactured in the U.S., while importers would not have to pay double tariffs on both cars and the materials used to make them.
"The President will sign the executive order on auto tariffs later today, and we will release it, as we always do," White House Press Secretary Karoline Leavitt said during a briefing with Treasury Secretary Scott Bessent about the administration's economic policy agenda.
The administration has yet to formally announce the measures to soften the tariffs, but administration officials have confirmed a report in the Wall Street Journal that companies paying car tariffs would no longer be charged other levies, such as on aluminum and steel.
Reimbursements would be given for such tariffs that had already been paid.
यह कहानी Hindustan Times Bengaluru के April 30, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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