US President Donald Trump plans to exempt automakers from some tariffs in order to avoid a sharp increase in prices for American cars. This was reported on April 23 by The Financial Times, citing sources.
According to their information, Trump wants to take this measure to prevent a sharp increase in prices for American cars, supply disruptions and job losses. It is noted that he may exempt auto parts supplied from China from tariffs.
“This concession also shows Trump’s willingness to make exceptions for ‘privileged’ sectors of the economy after his tariff plans caused a sharp fall in global markets and warnings of a possible recession in the US,” the article says.
