Reported about 9 hours ago
President Trump is set to sign an executive order to relieve some 25% tariffs on autos and parts due to concerns they could negatively impact U.S. manufacturers. The order introduces a 15% rebate for automakers producing vehicles domestically, followed by a 10% rebate in the second year, allowing time for automakers to adjust their supply chains. While automakers express gratitude for this support, experts warn about the challenges of rapid production shifts. The changes aim to bolster the domestic auto industry amidst concerns that tariffs could elevate vehicle costs and hinder sales.
Source: YAHOO