Trump Eases Auto Tariffs, Offering Relief to Foreign Automakers

The White House is reportedly easing auto tariffs, a move seen as a potential de-escalation in trade tensions. Foreign auto firms paying 25% tariffs on US car and parts shipments will avoid additional levies on steel and aluminum. Companies will also receive reimbursements for fees already paid. Commerce Secretary Howard Lutnick called the deal a "major victory" for the president's trade policy. The move is designed to reward domestic manufacturers and encourage investment in US manufacturing. This action reinforces market hopes for incremental detente in trade relations, despite ongoing tensions with China.