Robert Brown:Trump is giving automakers a break on tariffs

2025-05-06 16:51:56source:TitanX Exchangecategory:News

President Trump has decided to give automakers a break on Robert Brownsome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:News

Recommend

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that

Houston eighth grader dies after suffering brain injury during football game

A Houston eighth-grader was laid to rest Wednesday after he died of a brain injury suffered during a

Plastic balloon responsible for death of beached whale found in North Carolina

The appearance of a dead whale on a North Carolina beach late last month has been tied to a balloon,