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Autizers at the Nissan’s Smyrna vehicle assembly plant on Tennessee, June 6, 2022. Thousands of people work in the plant and produce various vehicles, including Leaf EV and Rogue Crossover.
Michael Wayland / CNBC
The White House on Tuesday confirmed Trump administration plans to soften the impact of automobile tariffs when the automotive industry struggles uncertainty and additional costs from the collection.
Current tariffs With 25% on imported vehicles in the US will continue, but new measures will interfere NBC NEWS.
Extra 25% tariffs for auto parts It is expected that by May 3 it is still planned to come into force, but there will be an opportunity in some compensation, the official said.
Rewarding on auto parts includes up to a sum equal to 3.75% of the cost of the car made in the US for one year and then 2.5% of the car cost for the second year and then will be delayed, according to The Wall Street Journal, Which first reported the expected changes on Monday night.
White House press secretary Carolina Levita told the media on Tuesday morning that the president Donald Trump Sign up the executive order later on the same day regarding the authors, but it refused to reveal some specific changes.
Expected changes are performed by automakers and groups on cars policy lobbying Trump administration for some facilitating tariffs that were invested in the automotive industry.
Last week, six best political groups representing the US Automobile Industry, including Alliance for automobile innovation This represents most large automakers, uncharacteristic of bringing their efforts to lobby for Trump’s administration against the implementation of the upcoming tariffs for auto parts.
“President Trump pointed openness to the revision of 25 percent administration tariffs on imported car details – similar to tariff assistance, recently approved for consumer electronics and semiconductors. This will be a positive development and greeting assistance,” a letter to Trump officials.
Groups – representing franched dealers, suppliers and almost all major automakers – said future fees may jeopardize automobile production in the US and say that many car suppliers are already “in distress” and will not afford additional increases in the cost that will lead to wider problems.
Ahead of the company reported its results in the first quarter on Tuesday, General Motors Financial Director Paul Jacobson told reporters that “the future consequences of the tariffs could be significant.”
In response to the normative uncertainty and expected increase in costs, GM stopped its 2025 recommendations, which did not take effect of tariffs; Suspended ransoms; And he postponed his quarterly call to the investor up to two days before Thursday.
Automers expressed their gratitude for the expected changes, but continue to face a significant increase in expenses.
“Ford welcomes and honors these decisions of President Trump, which will help mitigate the impact of tariffs on automakers, suppliers and consumers,” said Ford CEO Jim Farly in an email.
Stellantis Chairman John Elkan repeated these remarks: “Stellantis praises the measures to render tariffs, resolved by President Trump. While we even more evaluate the impact of tariff policy on our operations in North America, we look forward to our further cooperation with the US administration to strengthen the competitive US automobile industry.”
CEO GM Mary Bar He also thanked Trump, saying that “helps to level game conditions for companies such as GM, and allowed us to invest even more in the US economy.
