Trump reveals plans to mitigate the impact of tariffs on U.S. automakers | Trump tariffs

Donald Trump announced plans to overwhelm his full tariffs on Actriage of Foreater Cars and Parts on Tuesday, flooding some tariffs on U.S. automakers and imposing probation on an industry that warned his strategy would increase costs for U.S. manufacturers at millions of dollars.

Automakers that impose a 25% import tax will not be subject to Trump's other taxes on steel and aluminum. U.S. automakers will also be allowed to apply for tariffs at a percentage of the fees imposed on imported parts, although the relief will be revoked within the next two years.

Trump told reporters he hopes our automakers “enjoy a small transition in short-term transitions.”

"Trump is "committed to bringing auto production back to the United States," U.S. Treasury Secretary Scott Bessent told reporters earlier Tuesday, "so we want to provide automakers with a way to do this quickly and effectively and create as many jobs as possible. ”

Industry analysis found that due to Trump's 25% tariff on the automotive industry, the three largest U.S. automakers - Ford, General Motors and Stratlandis - could add more than $42 billion in costs, with their liability for nearly $5,000 to their imported parts to make their average cars manufactured in the U.S.

"President Trump is building important partnerships with domestic automakers and our great American workers," Commerce Secretary Howard Lutnick claimed in a statement. "This deal is a major victory for the president's trade policy, which is by rewarding companies that manufacture domestically while providing a runway to manufacturers that have expressed their commitment to investing in the United States and expanding their domestic manufacturing industry."

Trump will travel to Michigan for a rally Tuesday to commemorate his first 100 days in office. He returns to the White House - hoping to reshape the global economy with huge tariffs and quickly usher in new economic volatility for U.S. and overseas companies.

Bescent said he talked with 17 trading partners “in the next few weeks” after imposing a 10% tariff on imports in most parts of the world.

“As we start announcing the deal, it will be certain,” Bessent said. “But certainty is not necessarily a good thing in negotiations.”

After rapidly increasing tariffs on Chinese products to 145%, Trump officials insisted that China is at high risk, while the potential impact on the United States has been reduced, despite widespread concerns about potential shortages and price increases.

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If it retains its current level, Best claims China can work "very swiftly" and denies that the United States may face disruptions.

"I don't think we'll have a supply chain shock. I think retailers have managed inventory before that," he said. "I talk to dozens of companies sometimes daily, but definitely once a week. They know President Trump is committed to fair trade and has plans accordingly."

But Amazon may begin to disclose the costs of tariffs on its platform as consumers report on the shooting line, which has sparked sharp condemnation from the White House. "This is an hostile and political act of Amazon," press secretary Karoline Leavitt said after a phone call with Trump.

Reuters contributed the report