Lutnick says Trump’s autos tariff relief aimed at reshoring production to US

Published 04/29/2025, 12:02 PM
Updated 04/29/2025, 12:17 PM
© Reuters. FILE PHOTO: U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo

WASHINGTON (Reuters) -U.S. President Donald Trump will sign an order giving automakers building vehicles in the U.S. relief from part of his new 25% vehicle tariffs to allow them time to bring parts supply chains back home, Commerce Secretary Howard Lutnick said on Tuesday.

Automakers would receive credits for up to 15% of the value of vehicles assembled in the U.S. that could be applied against the value of imported parts, Lutnick told reporters.

Autos and parts subject to the 25% Section 232 autos tariffs would no longer be subject to other tariffs imposed by Trump, including 25% duties on Canadian and Mexican goods, as well as 10% duties applied to most other countries.

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