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Trump Pauses Most Tariffs – But Leaves Those Impacting Autos in Place

Trump Pauses Most Tariffs – But Leaves Those Impacting Autos in Place

President Donald Trump paused for 90 days most of the tariffs that went into effect earlier this month targeting virtually all U.S. trade partners. But he left in place sectoral tariffs, notably including those imparting import autos and auto parts, as well as foreign-made steel and aluminum. He also increased tariffs on countries, such as China, that responded to his original order with increased trade sanctions of their own. Headlight.News has more.

Trump Pauses Most Tariffs – But Leaves Those Impacting Autos in Place

Trump Threatened to Punish Automakers Who Pass Tariff Costs on to Buyers

The automotive tariffs going into effect next months could add thousands, even tens of thousands, of dollars to the cost of new vehicles. But Pres. Donald Trump raised the threat  that he might punish manufacturers who pass tariff costs on to consumers. More from Headlight.News.