President Trump is set to reduce the impact of automotive tariffs by rolling back certain duties on imported car parts. This adjustment will allow automakers to avoid separate tariffs on materials such as steel and aluminum, which were imposed under a 25% tariff on foreign vehicles. The retroactive implementation means manufacturers may receive rebates for previously paid levies. This measure is seen as an attempt to foster domestic production by supporting companies invested in U.S. manufacturing and was affirmed by appreciation from automakers.
Ford welcomes and appreciates these decisions by President Trump, recognizing the administration's efforts to support domestic manufacturing while emphasizing the importance of adapting to trade policies.
The entire tariff policy lacks coherence. That's the problem. What are we doing and why are we doing it?
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