President Donald Trump walked back some of the tariffs he imposed on imported auto parts, providing some relief to U.S. automakers after warnings from car manufacturers about increased prices.
The president signed two executive orders on Tuesday, one of which waives levies such as those on steel and aluminum for carmakers who will already pay a 25 percent tariff on imported vehicles. That break from “stacked” tariffs will be retroactive for U.S. automakers.
