Trump plans to exempt carmakers from some tariffs, FT reports
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FILE PHOTO: U.S. President Donald Trump looks on on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 17, 2025. REUTERS/Evelyn Hockstein/File Photo
(Reuters) - U.S. President Donald Trump is planning to spare carmakers from some tariffs, The Financial Times reported on Wednesday, citing two people with knowledge of the matter.
Car parts would be exempted from tariffs that are being imposed on imports from China over fentanyl and tariffs levied on steel and aluminum, the report added.
(Reporting by Costas Pitas; Editing by Jasper Ward)
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