Overview

• Senator Bernie Moreno and auto officials told Reuters the president is considering relief from the 25% tariffs that would favor vehicles assembled in the United States.
• Options under review include keeping the import adjustment offset at 3.75% for five years and expanding eligibility to U.S. engine production.
• A White House official said any policy discussion remains speculative until an action is signed by the president.
• The Commerce Department currently provides a 3.75% offset through April 2026 followed by 2.5% in the second year for eligible U.S.-assembled vehicles.
• Shares of General Motors, Ford and Stellantis rose roughly 2% to 4% after the report, while Tesla shares remained down about 2%.