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Fortune
Fortune
Christiaan Hetzner

Trump team signals rollback on some tariffs to reduce pain for suffering auto industry

Donald Trump United States Wall Street Journal White House Ford Jim Farley
Jim Farley, Ford Chief Executive Officer, mingles with Ford employees and guests before the global reveal of the new Ford F-150 pickup truck at the Detroit Auto Show. (Credit: Bill Pugliano—Getty Images)
  • The White House confirmed a report in the Wall Street Journal that automakers won’t face additional tariffs for goods like steel and aluminum on top of the 25% levied on cars and car parts. This latest tweak to Trump’s evolving trade policy is designed to offer companies more time to shift some production from overseas to the United States.

President Donald Trump plans to lessen the economic pain his administration has inflicted on the global auto industry with another tweak to his evolving tariff policy.

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