- White White House confirmed reports in the Wall Street magazine that operators will not face additional tariffs for goods such as steel and aluminum About 25% charged in vehicles and parts of the vehicle. This latest tweak for Trump's emerging trade policy is designed to provide the company more time to shift exports to the United States.
President Donald Trump plans to alleviate the economic pain that his administration has caused in the international automotive industry and another tweak for his emerging tax policy.
On Monday, the White House confirmed a Wall Street magazine Reports that would limit tariffs on car manufacturers and their suppliers to 25% of the value of vehicles and parts imported in the United States, and released other tax manufacturers that are currently set up – such as steel and aluminum.
This latest tweak for Trump's business policy is designed to provide the company more time to transfer production from abroad to American. This is a time -consuming process that can take better than one year due to the difficulty of removing and transferring all distribution chains.
“This program will be a major victory for the presidential business policy and the rewarding companies that are already in, while providing roads to producers who have expressed their commitment to investing in America and expanding their domestic manufacture,” American Business Secretary Howard Lutnick told the newspaper.
White's White House did not respond to the request of Luck For the comments and time of the press.
Minimum rates of authorization
Only 100 days in the second period of Trump, the administration is facing high pressure to reduce the load for consumers and manufacturers similar. His work consent falls even before the full duty of the duty to feel: several larger boxers of the box as Walmart and Objective they personally warn the White White House Shelves can be empty soon As soon as the inventory stock is completed.
President “Economic war against the whole world once“As billionaire Bill Ackman's billionaire has called it, it has caused S&P 500 to lose 8% since the launch and even severe losses before its 90 days' tax. America is now expected by many economists Slide into a slowdown in the economy And Trump's most popular support at this point is the lowest on the record of any presidency in 80 years.
“The lot from fake news is, like the news itself, fake!” Trump He wrote Tuesday in a post of its social reality. “We're doing good, better than ever before.” However, even a survey conducted by Republican-friendly The fox Information shows her Net's approval rating It is located at two negative numbers.
The clear sign that the White House may have completed its brinkmanship is the absence of Peter Navarro from the airwaves. Business Hawk and the Delivery of the Redemption Day has been lost following his following by Megadonor Megadonor Elon Musk, who called him “Dumber than a brick sack“.
However even Tesla The CEO revealed last week during the Q1 company phone has a small clue where tariffs are heading, despite being Trump's close adviser.
A Vehicle Research Center in Michigan estimated Earlier this month that 25% of the president's tariffs would result in an increase of $ 108 billion for all American operators. These costs – which start completely from May 3 and raise tariffs on imported car parts – will have to have business, buyers or combinations of the two.
Trump re -sees industries as essential for national security
Industrial Expert S&P World Migration cut 700,000 vehicles from an estimated annual American car sales two weeks ago as a result of Trump's tariffs, calling for a decline “One of the biggest changes of one month“It has done along with conflicts like Lehman falling with a Covid outbreak.
However, the CEO joined to thank the President for reducing their pain, which the White House believes it is necessary Economic self -sufficiency Important to us national security.
“Ford welcomes and appreciates these decisions by President Trump, which will help reduce the impact of tariffs on retailers, sellers and consumers,” CEO Jim Farley told TheWall Street magazine. A colleague there General MotorsMary Barra, at the time, said her team expects to work with the Trump administration.
But for exceptional retailers like Porsche, too small to afford its American conference, tariffs mean hundreds of millions of dollars added Headers.
One reason why car tariffs are so destructive is their adverse impact on the whole economy: car manufacturers are APEX users that reduce large parts of the industry.
Thousands of retailers large and small producers with raw materials and central inputs transported to car industries as an accuracy clock. This includes everything from plastic containing needles to galvanized steel, semiconductors and other high -quality electricity.
This story was previously shown Bahati.com
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