TaThe White House has reported measures aimed at reducing the cost of cars for US consumers by alleviating the impact of tariffs on imported cars established by the Trump administration.
“It's a little help,” said President Trump, who celebrates his first 100 days during the demonstration in Michigan, told reporters on Tuesday. “We just wanted to help them enjoy this little transition, short -term.”
At the end of March Trump reported a 25% tariff All imported car goods in the United States entered into force on April 3. Trump had also announced tariffs on steel and aluminum, which are the main materials for car production. The measures announced on Tuesday mean that these tariffs do not have any additional cars to 25%, the White House spokesman said, alleviating the potential production costs of US manufacturers.
Another 25% tariff to imported auto parts is still on May 3, but on May 3 Some benefits are expected reduce the impact of consumers.
Read more: What are the tariffs and why Trump is in favor of them?
In a statement to ReutersTrade Secretary Howard Lutnick said: “This deal is a major victory for the President's trade policy, rewarding companies working at home.”
Press Secretary Karoline Leavitt said that the President will later sign an executive order with their expected measures. Without further information, it is likely to focus on encouraging manufacturers to take action to the US to avoid tariff costs.
What does it mean to consumers?
United States car dealers have warned of the potential impact of car tariffs on their company and the need to transfer expenses to the consumer.
After the widespread introduction of global tariffs on April 3 The car manufacturers responded quickly by cutting temporary jobs by stopping car shipments to states and Expected price increasesTo.
To many international car manufacturers, The US market forms a large part their global sales. In 2024, 39% of Honda's international sales for Nissan, Porsche and Kia were 28% of their international sales in the US.
As the consumer market is so large in the US, the cost of the tariffs can be significantly captured by the impact of the acquirers on American buyers. Economist Arthur Laffer is an estimated that the 25% tariff of car parties can add an average of $ 4711 to the US cost to the US
How do our car manufacturers react?
For car manufacturers in the United States, the White House announcement gives optimism. The Trump Administration has set the goal of increasing US production to the center of the reasons behind tariffs, but domestic companies are likely to feel tariff strokes.
Manufacturers, including Ford, General Motors and Stellantis, see it as potential breathing in terms of higher production costs. Report on the estimated automotive center industry The fact that tariffs can cost these three manufacturers of $ 42 billion.
Elkann, chairman of Stellantis, said in his statement: “Although we appreciate the impact of tariff policies on our northern American operations, we are looking forward to cooperating with the US administration to strengthen the American competitive automotive industry and stimulate exports,”
Mary Barra, CEO of General Motors, also welcomed the actions of the Trump administration. He said in his statement: “We believe that the President's leadership will help level the equal opportunities of GM companies and allow us to invest even more in the US economy.”
