Overview

• President Trump has formalized a two-year relief program for the automotive sector, reducing the 25% import duty on vehicles by 15% in the first year and 10% in the second.
• The relief includes exemptions from additional tariffs on steel and aluminum to prevent cumulative costs for automakers.
• The measures are retroactive to April 3, 2025, allowing manufacturers to claim deductions on duties already paid.
• The policy aims to bolster national security by encouraging domestic production and reducing reliance on foreign imports.
• Industry leaders at Ford and General Motors have praised the move, highlighting its potential to ease financial strain on automakers and suppliers.