FILE PHOTO: A drone view shows cars on the day U.S. President Donald Trump is set to announce new tariffs, at the Port of Baltimore, Maryland, U.S., April 2, 2025. REUTERS/Evelyn Hockstein/File Photo
WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration.
The changes to Trump's 25% vehicle tariffs will provide auto companies with credits for up to 15% of the value of vehicles assembled domestically. These could be applied against the value of imported parts, allowing time to bring supply chains back home, a senior administration official said.
