Autoworkers at the Smyrna de Nissan vehicle assembly plant in Tennessee, June 6, 2022. The plant uses thousands of people and produces a variety of vehicles, including the EV of the leaf and the rebel crossover.
Michael Wayland / CNBC
Detroit – President Donald Trump signed on Tuesday an executive order that softened some of the automotive tariffs that his administration established at the beginning of these months, since the automotive industry fights with regulatory uncertainty and additional costs due to the encumbrances.
Tariffs of 25% on import vehicles into the us Will Continue, But the New Measures Aim to Reduce The Overall Tariff Level On Vehicle Imports That Had HaTED FROM FROM SEPARATE LEVIES – Such as an additional 25% TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF ON TOP OF THE OPTE OF THE OPT THE OPTE OF THE OPTE OF THE OPT THE OPTE.
According to the order, additional 25% tariffs in automatic parts That began on May 3 It will also enter into force, but the vehicles that pass through the final assembly in the US. UU. They can qualify for partial reimbursements in those taxes for two years.
These pieces related to the parts include potential compensation of an amount equal to 3.75% of the value of a car made in the United States that is assembled before May 1, 2026. After that, the refund limit is low to 2.5% of the order up to.
The administration said that it calculated those rates by applying a duty from 25% to 15% of the value of a assembly vehicle in the United States in the first year, and a duty of 25% to 10% of that value in the second year.
It is not clear how a car manufacturer would obtain such refund, but the sacrifice is retroactive when tariffs taught on April 3.
“We just wanted to help you.” If they can’t get pieces, we didn’t want to penalize them. “
Trump is scheduled to visit Michigan on Tuesday to celebrate his first 100 days at the Oval office.
The flexibility of car rates follows car manufacturers and automobile policy groups that press Trump administration to obtain some relief, particularly the “stacking” effect of multiple duties.
Last week, six of the main groups of policies that represent the automotive industry of the United States, including the Alliance for Automotive Innovation that rebukes most of the main car manufacturers, unusually unusually joined forces to pressure the Trump administration against the implementation of tariffs.
“President Trump has indicated an opening to rebuild the 25 percent tariffs of the administration in the imported automotive pieces, similar to the relief of the rate for consumer electronics and semiconductors. That would be a positive development and a welfare relief.
The groups, which represent distributors, suppliers and almost all the main cars manufacturers, said the next levies could endanger the automotive production of the United States and pointed out that many cars suppliers are already “in trouble” and sacks, South South the Adford The Adford The Adford the Addital.
Before the company reported its results from the first quarter on Tuesday, General Motors Financial director Paul Jacobson told reporters that “the future impacts of tariffs could be significant.”
In response to regulatory uncertainty and expected cost increases, GM suspended its 2025 guide, which did not take into account tariffs; suspended shares repurchases; And he delayed his quarterly investor calls for two days until Thursday.
Jennifer Safavian, CEO of Auto Drive America, which repeats the main manufacturers of foreign cars operating in the US, described the new actions as “a welcome relief for car manufacturers, but they have become more.”
Safavian urged Trump to create “a regulatory and growth climate so that the manufacture of us prosper.”
Traditional Detroit car manufacturers expressed their appreciation for the expected changes, but continue to face significant cost increases.
“Ford welcomes and appreciates President Trump’s thesis decisions, which will help mitigate the impact of tariffs on car manufacturers, suppliers and consumers.” Ford CEO Jim Farley said in a statement sent by email on Tuesday.
The president of Stellantis, John Elkannn, echoed those comments: “Stellantis appreciates the relief measures of the rate decided by President Trump. While we further evaluate the impact of tariff policies on the operations of North America, with the Houl Houl of the automotive industry and stimulate exports.”
The CEO of GM, Mary Barra, also thanked Trump, saying that he was “helping to level the playing field for companies such as GM and allow us to invest even more in the US economy.
