Trump says Auto industry
President Donald Trump announced that he is considering offering temporary exemptions from the 25% tariffs on the auto industry, allowing car manufacturers more time to shift their production to the United States.
On Monday, President Donald made his comments from the Oval Office, following a decision by his administration the previous week to exclude smartphones, computers, and other electronics from his high reciprocal tariffs-a move that his economic advisors have described as temporary.
Trump told reporters, “I’m considering something to assist car companies that are transitioning from parts made in Canada, Mexico, and other countries. They need some additional time as they plan to produce them here.”
U.S. Automakers-Ford, General Motors
A potential exemption from certain auto tariffs, which include 25% taxes on foreign cars, light trucks, and some auto parts, could provide significant relief for automakers. The industry is currently facing tariffs that risk increasing car prices for American consumers.
Following President Donald remarks, the stock shares of the three largest U.S. automakers-Ford, General Motors, and Stellantis-rose sharply.
United States-Mexico Agreement (CUSMA),
The tariffs on foreign vehicles took effect on April 3, while the levies on foreign auto parts, such as transmissions and engines, will be implemented by May 3 at the latest. Vehicles covered under the Canada-United States-Mexico Agreement (CUSMA), a trade deal negotiated by Trump during his first term, are exempt from the full 25% tariff rate. Instead, the President Donald administration imposed tariffs only on foreign parts used in vehicles imported from Canada and Mexico.
Mercedes-Benz,
President Donald has stated that his tough tariffs are necessary to revitalize U.S. manufacturing, including the auto industry. We have millions of their cars-BMW, Volkswagen, Mercedes-Benz, and many more,” Trump said, referencing German vehicles as an example. “But I can tell you with confidence, you won’t find Chevrolets in Munich.
On April 11, the Trump administration exempted many tech products from the 125% tariffs on China and the 10% universal reciprocal tariff on imports from other countries.
This exemption benefits Apple Inc.,
which produces most of its products in China, including the popular iPhone, as well as other tech giants like Microsoft and Samsung Electronics. However, the exempted imports are still subject to the 20% tariffs Trump imposed on China as part of efforts to pressure Beijing to address fentanyl manufacturing.
Readmore Hospital discharged after health improves President Zardari 2025
Trump’s economic advisors have also indicated that the exemptions are temporary, with plans to target these products in future tariffs on semiconductors that Trump has pledged. It remains unclear whether Trump is considering a short-term tariff exemption for auto parts, foreign cars, or both. Such a move would continue his unpredictable approach to imposing import levies-creating uncertainty that has unsettled global markets.
National Assembly
I’m a very flexible person. I’m firm in my decisions, but I remain flexible,” Trump stated.” Trump said. “You have to be. You can’t always rely on a wall-sometimes you need to go around it, under it, or over it.”
In support of Trump’s tariff policy, the White House highlighted Nvidia’s announcement on April 14 that it plans to establish its first manufacturing facilities in the United States to produce AI supercomputers. The company has pledged a $500 billion investment in artificial intelligence infrastructure. XI Jinpin and vietna national assembly
As tensions rise in the U.S.-China trade war, Chinese President Xi Jinping and Vietnam’s top leader, To Lam, signed numerous cooperation agreements on April 14 aimed at reinforcing the trade partnership between the two communist-led nations.
“I don’t blame China, and I don’t blame Vietnam.
I see they’re meeting today-how nice is that? It’s a pleasant meeting,” Trump said on April 14, adding that they’re “trying to figure out how to take advantage of the United States of America.”
