Reported about 9 hours ago
In a move to provide relief amidst ongoing trade tensions, President Trump has signed an executive order that exempts automakers from overlapping tariffs on foreign car imports. This 'de-stacking' strategy allows companies to pay only the highest applicable tariff, while also offering reimbursements for tariffs on foreign auto parts through a phased program. Major automakers have welcomed the relief, though analysts remain cautious about its overall impact on the industry.
Source: YAHOO