President Donald Trump’s move to pause the majority of what he calls retaliatory tariffs gives little relief to the auto industry. The pre-existing 25 percent duties on imported vehicles and parts remain in effect, leaving automakers and suppliers dealing with ongoing uncertainty while facing sharply increased prices on goods from China.
President Trump announced Wednesday a 90-day suspension and reduction for what he called “reciprocal” tariffs, imposed on approximately 75 nations. He also set a temporary floor for tariffs of 10 percent. This comes after escalations last week when the US imposed widespread duties, prompting retaliation from numerous trading partners. However, administration officials quickly clarified that this pause does not extend to specific “sectoral” tariffs.
Speaking outside the White House, Treasury Secretary Scott Bessent confirmed the previously imposed tariffs that targeted specific industries, including the 25 percent duties imposed on automobiles and auto parts on April 3, along with those on steel and aluminum, are not included in the 90-day pause. The White House lat...
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