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Live updates: Trump Cabinet Meeting focuses on immigration, Musk and Hegseth


New Hyundai automobiles will be parked on Thursday, March 27, 2025, at the autoterminal in Philadelphia. (AP Photo/Matt Rourke)

Trump signed Executive Order to relax some of his 25% tariffs for automobiles and auto parts, a significant reversal, since import taxes threatened to violate domestic manufacturers.

Car manufacturers and independent analyzes have shown this The tariffs Could increase prices, reduce sales and make us less competitive worldwide.

The changed order offers a discount for a year of 3.75% compared to the sales prices for vehicles compiled in Germany. This number was reached by determining the 25% import tax on parts that make up 15% of the sales price of a vehicle. In the second year, the discount would correspond to 2.5% of the sales price of a vehicle, since it would apply to a lower proportion of the vehicle parts.

A manager of the trade department, which insisted on anonymity to call up the order with reporters, said the car manufacturers that the additional time would enable them to improve the construction of new factories after the car manufacturers had needed time to move their supply chains.

Read more About the new executive order

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