Reported about 8 hours ago
The White House announced a reduction in tariffs for automakers, alleviating some financial pressures on the industry. Following significant lobbying, it was confirmed that tariffs on foreign parts will be eased, and overlapping duties won't apply to companies already paying import tariffs. This decision comes as automakers like General Motors have voiced concerns over the impact of steep tariffs on sales and consumer prices. Furthermore, amidst ongoing tensions between the US and China, there are signs that both nations may be backing down from aggressive tariff policies.
Source: YAHOO