U.S. President Donald Trump is reportedly considering exempting carmakers from certain tariffs, according to a Financial Times report citing sources familiar with the matter.
This potential move involves sparing car parts from tariffs imposed on Chinese imports related to fentanyl, as well as those levied on steel and aluminum.
This decision arrives amidst ongoing scrutiny of the administration’s trade policies and their effects on the automotive industry.
The proposed exemptions suggest a possible recalibration of the administration’s approach to tariffs, particularly concerning the intricate supply chains of automotive manufacturers.
These supply chains often rely on components sourced from various countries, making them susceptible to the impact of broad tariffs.
