President Trump is set to soften the impact of his newly introduced car tariffs, which affect both vehicles and parts. To support US manufacturers, he will announce measures that allow partial reimbursements based on car production and prevent the doubling of tariffs on imported parts. Key figures like Commerce Secretary Howard Lutnick and GM CEO Mary Barra have expressed positive sentiments regarding these changes, which aim to enhance domestic manufacturing competitiveness and economic investment in the US, while concerns remain for foreign exporters, especially in the UK.
President Trump is building an important partnership with both the domestic automakers and our great American workers. This deal is a major victory for the President's trade policy by rewarding companies who manufacture domestically.
We believe the president's leadership is helping level the playing field for companies like GM and allowing us to invest even more in the US economy.
Collection
[
|
...
]