Trump’s team indicates the deployment of some rates to reduce the pain to suffer the car industry

• The White House confirmed a report to the Wall Street Journal That automobile manufacturers do not face additional rates for goods such as steel and aluminum At the top of 25% charged in cars and car pieces. This last adjustment to Trump’s evolving trade policy is designed to offer companies longer to change some production from abroad in the United States.

President Donald Trump plans to reduce the economic pain that his administration has inflicted on the world car industry with another adjustment to its evolution of fare policy.

On Monday the White House confirmed a Wall Street Journal Inform that it would limit import rights for vehicle manufacturers and their suppliers up to 25% of the value of cars and parts imported in the United States from abroad, releasing manufacturers from other rates that are currently stacked at the top, such as steel and aluminum.

This last adjustment to Trump’s trade policy is designed to offer companies longer to change some production from abroad to the United States. It is a process that requires a long time that can take more than a year due to the complexities of uprooting and moving the entire supply chains.

“This agreement will be a significant victory for the president’s commercial policy, rewarding companies that are already manufacturing nationally, while providing a clue to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing,” said North -American Secretary of Haward Lutnick in the newspaper.

The White House did not answer Fortune ‘S Request for comment for press time.

Low Approval Evaluations Net

Only 100 days in Trump’s second term, the administration faces increasing pressure to relieve the load for both consumers and producers. Your job approval is falling even before you feel as much as the rates: to various retailers of large boxes Walmart and Objective They warn private in the White House The shelves could soon be empty Once the inventory stocks are exhausted.

The President “Economic war against all the world at the same time“As he called Hedge’s billionaire billionaire Bill Ackman, it has turned out that the S&P 500 lost 8% since Trump’s inauguration, and even the strongest losses before his 90 -day tariff pause. The United States is now expected that many economists do Slide to a self -inflicted recessionand Trump’s popular support at this time is the The lowest record of any presidency in 80 years.

“The ballot box of the false news is, like the news itself, fake!” TrumpwriteTuesday in a publication on its true social platform. “We do very well, better than ever.” Still, even surveys carried out by Republican Fox The news indicates theirNet approval ratingis found in the double negative digits.

The clearest sign that the White House can end its protection is the absence of Peter Navarro from the air waves. The commercial hawk and the architect of the liberation day’s rates has disappeared largely after his upheaval with Trump Mega-Donor Elon Musk, who called him “Dumber than a sack of bricks. “”

However even the Tesla The CEO revealed last week during a call for the company’s first quarter, he has little idea where the rates go, despite being Trump’s closest counselor.

The Michigan Automobile Research Center dear Earlier this month, the 25% president’s 25% cars would cost more than $ 108 billion to all North -American automobile manufacturers. These costs – which have a complete effect from May 3 with the addition of imported car pieces – must be spoiled by companies, buyers or some combination of both.

Trump believes that industrial rearrangement is vital to national security

The S&P Global industry prediction has cut 700,000 cars of its annual U.S. Light Vehicle Sales Estimation two weeks ago as a result of Trump’s rates, calling the downward review “one of the biggest changes than one month“It has been made by crisis such as Lehman’s collapse and Covid outbreak.

However, the CEOs were aligned to thank the President for diminishing his pain, which the White House believes that it is necessary to encourage the tournament of the industrial base and the reinforcer. economic self -sufficiency Vital for the National Safety of the United States.

“Ford welcomes and appreciates these decisions by President Trump, which will help to mitigate the impact of rates on cars, suppliers and consumers,” said CEO Jim Farley. Wall Street Journal. His counterpart in General enginesMeanwhile, Mary Barra said his team hopes to work more together with the Trump administration.

But for exclusive exporters such as Porsche, too small to allow their own north -American assembly line, the rates may possibly mean hundreds of millions of $ head.

One of the reasons why automobile rates are so detrimental is their undulating effect through whole economies: vehicle manufacturers are apex consumers that are housed by a wide range of industrial sectors.

Thousands of large and small suppliers of feeding with raw materials and intermediate entries sent to cars such as the precision clock. This includes everything, from plastics related to injection to galvanized steel to semiconductors and other advanced electronics.

This story originally presented to Fortune.com

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