President Donald Trump is expected to sign an executive order Tuesday that will ease some auto tariffs as his administration marks 100 days in office.
White House press secretary Karoline Leavitt confirmed the planned order but declined to share specifics. Treasury Secretary Scott Bessent said the move is part of a broader effort to bring auto manufacturing back to the U.S.
Reports from the Wall Street Journal suggest that foreign-made autos may be exempt from overlapping tariffs, such as steel and aluminum levies. Some foreign parts used in U.S.-assembled vehicles could also avoid new duties. Trump imposed a 25% tariff on foreign vehicles earlier this month, but those assembled domestically would be exempt.
The order comes days before additional duties on foreign auto parts are set to begin.
General Motors reported a 6.6% profit drop in Q1, attributing some of the decline to tariff uncertainty. Automakers may also receive tariff reimbursements to limit consumer price increases.
Trump’s economic approval has dipped amid growing public concern over the broader impact of tariffs.
Sources
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