British media: Trump plans to exempt automakers from some tariffs

On April 24th, according to the Financial Times, US President Donald Trump plans to exempt some of the toughest tariffs on automakers, which is another concession in the trade war after intensive lobbying by auto industry executives recently. According to two people familiar with the matter, < b > this move will exempt auto parts from two tariffs, one is to crack down on fentanyl production and the other is to impose tariffs on steel and aluminum products. However, Trump's 25% tariff on all imported vehicles will remain in place. Another 25% tariff on auto parts will also remain and will take effect from May 3. Although the US has previously excluded automotive goods from "reciprocal" tariffs on its main trading partners, US car companies have been pushing for more exemptions. The concessions would mark an initial victory for the auto industry and another retreat from Mr. Trump's most aggressive tariffs. The current talks are focused on simplifying the tax process, according to people familiar with the matter, < b > such as relaxing rules of origin requirements for auto parts . The policy shift reflects the Trump administration's pragmatic response to industry-specific pressures while upholding the core position of "America First" trade policy.