President Trump signaled tariffs on Chinese imports would “come down substantially,” though no specifics have yet been released by the White House. The news had stock markets rallying and automakers hoping this could reduce their own burden, analysts previously warning that tariffs could cost the U.S. industry up to 2 million sales this year. But manufacturers are still facing big hits from tariffs on Mexican and Canadian-made autos and auto parts, reports Headlight.News.
