SCA Community-Trump is giving automakers a break on tariffs

2025-05-05 23:40:31source:HyperBit Exchangecategory:Markets

President Trump has decided to give automakers a break on SCA Communitysome 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:Markets

Recommend

Toyota to invest $922 million to build a new paint facility at its Kentucky complex

GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 mil

You will not be betrayed by 'The Traitors'

The new Peacock competition series The Traitors, all 10 episodes of which are now streaming, is goof

Louder Than A Riot Returns Thursday, March 16

We're supposedly living in a renaissance for Black women and queer folks in hip-hop, with so many ru