Trump signs executive order to reduce automotive tariffs, welcomed by Ford and Stellantis

From CNBC: 2025-04-29 20:09:00

President Donald Trump signed an executive order softening some automotive tariffs in response to regulatory uncertainty. The order aims to reduce overall tariff levels on vehicle imports and offer reimbursements on auto parts. Automakers and policy groups lobbied for relief due to cost increases. GM discontinued 2025 guidance in response to expected impacts. Ford and Stellantis welcomed the tariff relief measures. GM CEO Mary Barra thanked Trump for leveling the playing field.



Read more at CNBC: Trump signs order easing some auto tariffs