Devin Grosvenor:Trump is giving automakers a break on tariffs

2025-05-07 14:06:17source:Slabu Exchangecategory:News

President Trump has decided to give automakers a break on Devin Grosvenorsome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:News

Recommend

North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference

The AP Top 25 college football pollis back every week throughout the season!Get the poll delivered s

2 men convicted in 2021 armed standoff on Massachusetts highway

BOSTON (AP) — Two men have been convicted for their role in an armed standoff on a busy Massachusett

Illinois may soon return land the US stole from a Prairie Band Potawatomi chief 175 years ago

SPRINGFIELD, Ill. (AP) — Some 175 years after the U.S. government stole land from the chief of the P