US Commerce Secretary hints at tariff relief for OEMs

By / / Automotive / 1 minute of reading


Potential relief will likely be based on whether automakers are compliant with prior USMCA rules and make new US investments. By Stewart Burnett

The Trump administration is considering granting automakers relief from his now-in-effect 25% tariffs on Canada and Mexico, according to sources quoting Commerce Secretary Howard Lutnick to Reuters. The relief will be granted on a case-by-case basis and dependent on whether companies are compliant with Trump’s prior trade pact, the USMCA, which took effect in 2020.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

US Commerce Secretary hints at tariff relief for OEMs



Source link

About The Author

Avatar of Kerry Gates
Kerry Gates is a news writer for Midlandia Press. She writes about arts, automotive, travel, and fashion. She also loves to spend time with her family and friends, go on road trips, and read historical fiction.

Start typing and press enter to search

Scroll to Top