Sterling Preston-Trump is giving automakers a break on tariffs

2025-05-06 22:24:42source:PredictIQcategory:Markets

President Trump has decided to give automakers a break on Sterling Prestonsome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:Markets

Recommend

What connects Fredéric Chopin, Marcel Proust and Jim Morrison? A final resting place

The Secret Life of a Cemeteryis a paean to the renowned Parisian cemetery, Père Lachaise. This slim

'Expanding my pod': Lala Kent expecting her second baby, 'Vanderpump Rules' star announces

"Vanderpump Rules" star Lala Kent is pregnant with her second child.The reality TV star announced he

Lisa Vanderpump Is Joining Season 2 of Gordon Ramsay’s Food Stars

Lisa Vanderpump is SURving up a collaboration with Gordon Ramsay. In fact, E! News can exclusively r