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Home » Trump signs order to prevent his auto tariffs from stacking on top of each other

Trump signs order to prevent his auto tariffs from stacking on top of each other

Carmakers can claim up to 3.75% of value of American-made vehicles

Bloomberg NewsbyBloomberg News
April 30, 2025
in Risk Management
Reading Time: 3 mins read
0
Trump signs order to prevent his auto tariffs from stacking on top of each other

A semi-truck carrying new vehicles at the Otay Mesa port of entry in San Diego, California.

President Donald Trump signed a pair of directives easing the impact of his tariffs on the automotive industry, yielding to weeks of intense lobbying from automakers, parts suppliers and dealers who warned excessive levies could push up car prices, triggering plant shutdowns and job losses. Under the first executive order, signed aboard Air Force One, […]

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