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News in English (USA) / 29.04.2025 / 03:00

Trump to Soften Auto Tariffs Amid Industry Concerns

In response to mounting pressure from the auto industry, officials say that the Trump administration is expected to ease the impact of automotive tariffs. Critics, including trade groups representing major automakers, argue that these tariffs could lead to significant job losses and financial distress for suppliers. Recent analyses suggest that the tariffs could potentially reduce car sales in the U.S. and Canada by millions, contributing to rising prices for vehicles and parts. As the auto industry braces for a new round of tariffs, there is growing concern about the long-term effects on global production and the U.S. auto trade reputation. Industry leaders are lobbying for exemptions and softer tariff measures, while some experts warn that the current policies may do more harm than good.
CNBC, WSJ, Detroit Free Press, MarketWatch, The New York Times, Bloomberg.com, Reuters, KWCH, Financial Times, Fox News