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    Home ยป Tariff War: Trump Plans To Spare Car Makers
    1 Min ReadApril 24, 2025

    Tariff War: Trump Plans To Spare Car Makers

    By Samuel AkpenpuunApril 24, 2025No Comments1 Min Read
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    U.S. President, Donald Trump has plans to spare carmakers from some tariffs, Financial Times (FT) reported on Wednesday.

    It noted that as part of a tariff โ€œdestackingโ€ plan, car parts would be relieved of some of the duties imposed by Trump.

    The exemptions, FT said, would however leave in place a 25 per cent tariff imposed by Trump on all imports of foreign-made cars.

    It said that a separate 25 per cent levy on parts would remain, but would be put into effect by May 3.

    โ€œAlthough Washington had already shielded autos from the โ€˜reciprocalโ€™ tariffs announced on major trading partners, U.S. auto companies have in recent weeks pushed for further exemptions.

    โ€œThe concessions will mark an initial win for the auto sector and another retreat by Trump on his most aggressive tariffs amid concerns that they will push up U.S. car prices.

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    • Samuel Akpenpuun
      Samuel Akpenpuun

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    Donald Trump
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