Tariffs have the auto industry on watch

Hours before an event in Michigan on April 29, President Trump signed two executive orders aimed at reducing the impact of trade tariffs on the automotive industry. One order prevents automakers, who face 25% tariffs on auto imports, from being subject to additional levies on materials. The other order allows automakers to apply for tariff relief, which will reduce a portion of the costs associated with their imported components. However, these benefits will be gradually phased out over the next two years.

During a rally that night in Michigan, Trump described this move as providing "a little flexibility" to the automotive industry, hoping to persuade automakers to produce their cars and components in the United States. He said, "We gave them a lit

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