Trump auto tariffs “deal” reached, Commerce Secretary Howard Lutnick says

The Trump administration is set to ease the impact of tariffs on automakers, Commerce Secretary Howard Lutnick indicated on Monday night.Why it matters: Even Trump allies have expressed alarm at 25% tariffs already enacted on new foreign vehicles sold in the U.S. and plans to impose levies on imported auto part from Saturday.Driving the news: The Wall Street Journal first reported that the Trump administration would ease tariffs on auto parts and give automakers some concessions…
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Rebecca Falconer

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