Trump to offer auto tariffs reprieve after appeals by US carmakers

This deal is a major victory for the president’s trade policy by rewarding companies who manufacture domestically while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing,

Commerce Secretary Howard Lutnick said in an emailed statement

Tariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead to higher auto prices for consumers, lower sales at dealerships and will make servicing and repairing vehicles both more expensive and less predictable,

the industry groups said in the letter

President Trump is building an important partnership with both the domestic automakers and our great American workers,

Commerce Secretary Howard Lutnick said in a statement provided by the White House

Most auto suppliers are not capitalised for an abrupt tariff-induced disruption. Many are already in distress and will face production stoppages, layoffs and bankruptcy, ... it only takes the failure of one supplier to lead to a

the letter added, noting