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Autoworkers at the Smyrna de Nissan vehicle assembly plant in Tennessee, June 6, 2022. The plant uses thousands of people and produces a variety of vehicles, including the EV of the leaf and the rebel crossover.
Michael Wayland / CNBC
On Tuesday, the White House confirmed plans for the Trump Administration soft uncertainty and additional costs Due to the levies.
Current duty 25% in imported vehicles in the US. NBC news.
Additional 25% of auto parts tariffs That they are expected for May 3 are still scheduled to enter into force, but there will be a capacity for some reimbursements, said the official.
Refunds in auto parts rates include an amount equal to 3.75% of the value of a car made by the United States for a year, followed by 2.5% of the value of the car in a second year, and then it would be completely eliminated, according to The Wall Street Journal, that first reported the expected changes on Monday night.
White House Press Secretary Karoline Leavitt told the media on Tuesday morning that the president Donald Trump He would sign an executive order later in the day with respect to automatic tariffs, but she refused to reveal any specific change.
The expected movements follow car manufacturers and automatic policy groups Lobbying the The Trump administration to obtain some relief in tariffs, which have accumulated in the automotive industry.
Last week, six of the main groups of policies that represent the automotive industry of the United States, including the Alliance for automotive innovation That represents most of the main car manufacturers, unusually united forces to press the Trump administration against the implementation of the next auto parts tariffs.
“President Trump has indicated an opening to reconsider the tariffs of 25 percent of the administration in the imported automotive pieces, similar to the recently approved tariff relief for consumption electronics and semiconductors. That would be a positive development and a welcome relief,” the groups said in a letter to Trump’s officials.
The groups, which represent distributors, suppliers and almost all the main cars manufacturers, said the next levies could endanger the automotive production of the United States and pointed out that many cars suppliers are already “in danger” and could not pay additional costs increases, which leads to broader problems in the industry.
Before the company reported its results from the first quarter on Tuesday, General Motors Financial director Paul Jacobson told reporters that “the future impacts of tariffs could be significant.”
In response to regulatory uncertainty and expected cost increases, GM suspended its 2025 guide, which did not take into account tariffs; suspended shares repurchases; And he delayed his quarterly investor calls for two days until Thursday.
Automobile manufacturers expressed their appreciation for the expected changes, but continue to face significant costs.
“Ford welcomes and appreciates these decisions of President Trump, which will help mitigate the impact of tariffs on car manufacturers, suppliers and consumers.” Ford CEO Jim Farley said in a statement sent by email.
The president of Stellantis, John Elkann, echoed those comments: “Stellantis appreciates the tariff assistance measures decided by President Trump. Although we further evaluate the impact of tariff policies on our American operations, we expect our continuous collaboration with the US administration to strengthen a competitive American automotive industry and stimulate exports.”
CEO of GM Mary Barra He also thanked Trump, saying that he was “helping to level the playing field for companies such as GM and allow us to invest even more in the US economy.
