President Donald Trump will sign an executive order on Tuesday relaxing some of his 25% tariffs on autos and auto parts.
The directive is the result of conversations directly with domestic auto manufacturers, a senior Commerce Department official said on a call with reporters.
The order “will go substantially toward reassuring American auto manufacturing,” Treasury Secretary Scott Bessent told reporters Tuesday morning.
“And again, the goal here is to bring back the high-quality industrial jobs to the U.S.,” he added. “President Trump is interested in the jobs of the future, not the jobs of the past.”
The administration will offer automakers that finish their vehicles domestically a 15% offset of the cost of the tariffs. Automakers can choose how to allocate the offset.
The current 25% tariff leveled on imported cars will remain intact, but other…
