Trump Eases Auto Tariffs, Offering Relief to US Carmakers

President Trump unveiled a plan to reduce the impact of tariffs on imported vehicles and parts for American automakers. Under this proposal, manufacturers will receive credits based on sales volume and suggested retail prices, enabling them to offset import taxes over two years. The move provides businesses with time to adjust supply chains without facing full tariff costs. The administration clarified that parts made in Canada and Mexico under NAFTA rules will be exempt from the 25% levy.