United States (US) Secretary of Commerce Howard Lutnick unveiled the White House’s plans for US auto makers.
Key Quotes
- Adjustments to autos tariffs are aimed at allowing domestic automakers time to grow US plants, employment.
- The executive orders grew out of detailed conversation with domestic car makers.
- Manufacturers of US-built autos will get a 15% offset for the value of those vehicles against parts imports.
- This will help domestic car makers to move supply chains to US.
Source: https://www.fxstreet.com/news/us-lutnick-domestic-car-makers-could-move-supply-chains-to-the-us-202504291554