Navivision Wealth Society-Trump is giving automakers a break on tariffs

2025-05-08 06:42:54source:AQCANcategory:Markets

President Trump has decided to give automakers a break on Navivision Wealth Societysome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:Markets

Recommend

Trump wants a Golden Dome over America. Here's what it would take

President Trump has told the Pentagon to take another look at missile defense. Technology to shoot d

NFL trade deadline live updates: Latest news, rumors, analysis ahead of Tuesday's cutoff

The NFL trade deadline is drawing close, with teams having one last chance to make a significant ros

Freddie Prinze Jr. Reveals How He and Sarah Michelle Gellar Avoid BS Hollywood Life

Freddie Prinze Jr. and Sarah Michelle Gellar don't think certain aspects of fame are all that. Which