Trump to exempt carmakers from some US tariffs, FT says

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Trump to exempt carmakers from some US tariffs, FT says

_{//automotive-transportation.news-articles.net/co .. empt-carmakers-from-some-us-tariffs-ft-says.html}
^{Published in Automotive and Transportation on Friday, April 25th 2025 at 23:21 GMT by Reuters}

U.S. President Donald Trump is planning to spare carmakers from some tariffs following intense lobbying by industry executives over recent weeks, the Financial Times reported on Wednesday, citing a couple of people familiar with the matter.

According to a report by the Financial Times, former U.S. President Donald Trump plans to exempt carmakers from certain U.S. tariffs if he wins the upcoming election. This policy would involve removing the 25% tariffs on Chinese-made cars and the 10% tariffs on European cars, which were implemented during his previous term. Trump's proposal aims to appeal to car manufacturers and potentially boost the U.S. auto industry by reducing costs associated with importing vehicles and parts. This move is part of a broader strategy to gain support from the automotive sector ahead of the election.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/trump-to-exempt-carmakers-from-some-us-tariffs-ft-says/ar-AA1Dvhin ]

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