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President will gather in Michigan on his first 100 days

President will gather in Michigan on his first 100 days

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Trump's tariffs for imported vehicles and auto parts are not “stacked” with aluminum and steel tariffs, which means that car manufacturers do not pay tariffs for the cars, auto parts, and the metals they have provided were also confirmed by an official from the White House that confirmed NBC News.

Car manufacturers are reimbursed for the costs of some tariffs for imported parts, up to 3.75% of the value of a new car in the first year, but the measure is triggered over two years. It is unclear how car manufacturers are reimbursed.

The 25% tariff for automobiles and auto parts does not change, so that the costs for imported cars and auto parts are still increasing significantly and increasing the costs for car repairs and insurance premiums.

The New York Times initially reported on the details of the administration measures to facilitate the effects of autozölle.

An official of the White House said that the measure reflects the extent of the cooperation between the administration and the auto industry. The automotive companies invest in the USA, so that they make a runway for the transition to the new tariff regime, similar to the Semiconductor industry with the exception of electronics.

“President Trump builds an important partnership with domestic car manufacturers and our great American workers,” said commercial minister Howard Lutnick in a statement. “This deal is a great victory for the president's trade policy by rewarding companies that are produced in Germany, and at the same time manufacturers provide the starting path that are expressed for their commitment to investing in America.”

Mary Barra, Chairman and CEO of General Motors, said in a statement that the company Trump was grateful for the move

“We believe that the president's management contributes to the fact that companies such as GM take up competitive conditions and enable us to invest even more in the US economy,” she said.

Jim Farley, CEO from Ford Motor Co.

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