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President Donald Trump will soon announce moves to reduce the impact of his tariffs on the U.S. auto industry, an official confirmed late Monday.
The Wall Street Journal first reported the softening of duties on foreign-built cars and imported auto parts. According to the Journal, U.S. companies paying 25% tariffs on imported automobiles will not have to pay additional tariffs, such as those on steel and aluminum. The move will be retroactive and automakers reportedly will be reimbursed for ext
