The FT is reporting that Trump will exempt carmakers from some US tariffs

The FT is reporting that Trump will to exempt carmakers from some US tariffs

more to come

FT is gated, but the gist of it is that Trump is expected to ease back on some of his toughest tariffs affecting the auto industry.

• intends to exclude car parts from the China-focused tariffs tied to fentanyl production, as well as from existing steel and aluminium duties, — effectively “destacking” the levies.
• there has been heavy lobbying by carmakers to have him reconsider.

FT cites two sources familiar with the plan.

This article was written by Eamonn Sheridan at www.forexlive.com.