President Donald Trump is expected to announce a decision to reduce the impact of tariffs on automakers on Tuesday in Michigan, FOX Business confirmed.
A source within the Trump administration said the decision follows the auto industry’s good-faith efforts to move manufacturing back to the US, adding that Trump wants to give them a “runway” with their business.
Commerce Secretary Howard Lutnick said the president is “building an important partnership” with “domestic automakers and our great American workers.”
“This deal is a major victory for the president’s trade policy by rewarding companies who manufacture domestically, while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing,” Lutnick said.
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Author: Dillon B
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