🚗 Breaking: Trump’s Tariff Compromise
The White House confirmed today that President Trump will ease tariffs on foreign auto parts used by US carmakers, a move hailed as a “major victory” for domestic manufacturing . Commerce Secretary Howard Lutnick called it a reward for companies “committed to building in America” — but critics warn it’s a band-aid solution.
Key Changes:
- No “Stacked” Tariffs: Cars made abroad still face 25% duties, but avoid additional steel/aluminum levies .
- Partial Refunds: Carmakers get reimbursements for parts tariffs based on US production value .
- Michigan Rally: Trump will announce the policy in Detroit, home to Ford, GM, and Stellantis .
Industry Reactions:
- GM’s Mary Barra praised the move but pulled 2025 profit guidance, citing “evolving” tariff risks .
- Ford called it “essential” for affordable supply chains .
- Stellantis pledged to “stimulate exports” .
😬 My Take:
While this offers short-term relief, Trump’s love-hate relationship with tariffs keeps the auto sector on edge. The real test? Whether this stops car prices from spiking further. (Spoiler: Unlikely.)
