Databec Exchange-Trump is giving automakers a break on tariffs

2025-05-05 22:20:46source:HyperBit Exchangecategory:Markets

President Trump has decided to give automakers a break on Databec Exchangesome 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 is Sora? Account creation paused after high demand of AI video generator

A new artificial intelligence-driven video generator launched on Monday and due to high demand, it i

We're Drunk in Love With Beyoncé and Jay-Z's Rare Date Night in Paris

They be all night.Beyoncé and Jay-Z swapped their Louis sheets for luxe looks when they stepped out