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President Trump to Sign Order Easing Auto Tariff Impact
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April 29, 2025
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5:23Now PlayingBloomberg's Mario Parker and Keith Naughton preview a Trump executive order to lessen the impact of auto tariffs ahead of a rally celebrating 100 days of his presidency in Michigan tonight.
President Donald Trump is scheduled to sign an executive order easing the impact of his auto tariffs, preventing duties on foreign-made vehicles from stacking on top of other levies and lessening charges on parts from overseas used to make vehicles in the US.
White House Press Secretary Karoline Leavitt said the administration would release the text of the directive, detailing the specifics of the action, later on Tuesday.
The plan would change 25% tariffs on auto part imports, expected to start May 3, by allowing carmakers to claim an offset worth up to 3.75% of the value of a US-made vehicle for one year, a senior Commerce Department official said.
The reimbursement would fall in the second year to as much as 2.5% of the car’s value, and then be eliminated the following year, a bid to motivate domestic manufacturing. The offset will be available for cars made after April 3. Foreign producers such as BMW and Mercedes-Benz Group AG will be eligible to claim the offset for vehicles they make in the US.
Imported automobiles also would be given a reprieve from separate tariffs on aluminum and steel, an effort to prevent multiple levies from stacking on top of each other, a White House official said Monday.
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