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Future of autos not going as expected, but there are signs of progress

White House Likely to Leave Out Cars, Chips Tariffs on April 2, Report Says

The White House is reportedly reducing the scope of the tariffs it is putting in place on April 2, and may not be announcing targeted levies on industrial sectors such as cars, microchips and pharmaceuticals.
The White House is reportedly planning to exclude tariffs on cars and computer chips from its upcoming report due on April 2, 2022, according to sources cited by Reuters. This decision comes amidst ongoing negotiations and reviews of tariffs initially imposed during the Trump administration, particularly those affecting the automotive and semiconductor industries. The exclusion of these tariffs is seen as a move to avoid further straining relations with trading partners and to mitigate potential economic disruptions, especially given the global chip shortage and the significant impact of automotive tariffs on international trade. The report, part of the Section 301 investigation into China's trade practices, is expected to focus on other areas of contention, potentially leaving room for future negotiations on the excluded items.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/white-house-likely-to-leave-out-cars-chips-tariffs-on-april-2-report-says-11701975 ]