HAI Community-Trump is giving automakers a break on tariffs

2025-05-07 13:14:13source:Cyprusauctioncategory:Stocks

President Trump has decided to give automakers a break on HAI Communitysome 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:Stocks

Recommend

Demi Lovato opens up about how 'daddy issues' led her to chase child stardom, success

Demi Lovato is grown up — and opening up about child stardom.The "Sonny with a Chance" alum got cand

Smoke in cabin after American Airlines flight lands in San Francisco; plane evacuated

Smoke was reported inside a plane cabin during an American Airlines flight from Miami to San Francis

Here's how to find out if your data was stolen in AT&T's massive hack

If you're one of AT&T's cellular customers, you can check your account to see if your data was c