Trump Plans Relief for U.S. Carmakers Hit by Tariffs

President Donald Trump plans to implement measures to mitigate the effect of his tariffs on U.S. automobile manufacturers, according to a senior White House official.

"Securing this agreement represents a significant triumph for the President’s trade strategy as it favors businesses that produce goods within the country," stated Commerce Secretary Howard Lutnick in an official release shared with Reuters.

The president plans to unveil steps aimed at lowering certain tariffs on components imported from overseas that are utilized in cars made in the U.S.

Although vehicles manufactured abroad are still subjected to automotive tariffs, they will be exempt from additional duties, as reported by the Wall Street Journal.

Trump plans to host a rally in Michigan on Tuesday to celebrate his first 100 days in office.

The state houses what are known as the Detroit Three automakers - Ford, General Motors (GM), and Stellantis - along with over 1,000 significant suppliers to the automotive sector.

The CEO of GM, Mary Barra, greeted this development positively.

"We appreciate President Trump’s backing of the U.S. auto sector and the millions of Americans reliant on our industry," she said in an email statement to Romero.my.id.

We value the fruitful discussions with the President and his Administration and anticipate continued collaboration.

Ford and Stellantis have not yet provided comments as of now.

A group representing U.S. automotive industries urged the president last week not to enforce 25% duties on imported auto components.

A missive sent to his administration by organizations representing firms such as GM, Toyota, and Volkswagen stated that these tariffs would result in increased car costs for buyers, decreased sales at dealerships, and render vehicle maintenance and repairs more costly.

Previously, Trump mentioned that the tariffs were set to take effect by May 3rd.