Trump to ease auto tariffs ahead of 100th day visit to Michigan

Senior White House officials confirmed that president Donald Trump will sign a declaration later on Tuesday on the Air Force, which will reduce the tariff of cars.

Senior administration officials said on Tuesday during a call with the media that the current tariff of 25 % set on imported cars will remain intact, but the other similar tariff, such as tariffs on steel and aluminum, will not accumulate above the automatic tariff by 25 %.

This 100th anniversary of Trump comes in the Oval Office, which will be celebrated in the Michigan career near Detroit – the former US auto manufacturing capital.

In addition, manufacturers of local cars that end construction cars in the United States will receive compensation for the customs tariffs of car devices equal to 3.75 % of the proposed retail price of the manufacturer (MSRP) for US production for the manufacturer for 12 months, and 2.5 % of US production for the next year. The numbers were calculated to reflect the tariff that will be due when the fee tax is applied by 25 % to 15 % of the value of a combined car in the United States, learned Fox Digital.

A 25 % tariff has been set on some car parts on May 3, where administration officials explain that car manufacturers can use displacement balances against the tariffs on auto parts. The administration confirmed that the displacement plan is not an opponent.

“A part that comes to the country and is exposed to a tariff,” said a senior official at the Ministry of Commerce on Tuesday. “See, I sold a car, I have a balance. I have a displacement amount of $ 1,600. Please use the $ 1,600 tariff for this particular part. “So the government will not cost any money at all.

Tesla Inc. Vehicles continue. At the company’s assembly factory in Freemont, California, in the United States, on Monday, May 11, 2020. Elon Musk reproduced the production in Teslas only for the auto factory in the United States, where boycott officials who ordered the company to stay closed and publicly recognized that he risks its employees and employees. Photographer: David Paul Morris/Bloomberg via Getti Irch

The plan intends to allow all manufacturers of local cars to “develop their plans, develop their jobs, and build more factories in America”, by building in a two -year timetable to prove the American supply chain for the auto industry, according to senior management officials.

The White House detailed that, according to the plan, if the car manufacturer built a car by 85 % of the American parts or parts made under the USA and Cananga Trade Agreement for 2020, it will not be effectively owed.

All other cars and Automated Automated Pilot Achievers will face a 25 % tariff.