President Trump is easing some tariffs on automotive imports, reversing part of his strict trade policy aimed at boosting American manufacturing jobs. This announcement precedes a rally marking his first 100 days in office and follows public concern about his economic management. The adjustments will allow for reimbursements on tariffs for foreign auto parts over the next two years while ensuring tariffs do not compound on imported vehicles. Automakers have expressed dissatisfaction with previous tariffs, while labor groups see it as a move toward more domestic job creation.
"Importers of foreign auto parts will be able to get some reimbursement from the government for tariffs for the next two years."
"President Trump is building an important partnership with both the domestic automakers and our great American workers," Lutnick said in the statement.
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