Summary
- President Trump announced plans to reduce the tariff burden on car manufacturers through easing auto tariffs.
- The measure is expected to ease some tariffs on imported cars and foreign parts produced in the United States.
- It was stated that refund measures for tariffs already paid may also be possible.
On the 28th (local time), the Wall Street Journal reported, citing anonymous sources, that President Trump plans to ease auto tariffs. If the easing measures are implemented, tariffs on imported cars are expected not to overlap with other taxes, and some tariffs on foreign parts used in cars produced in the United States are also expected to be eased.
As a result, car manufacturers paying auto tariffs in the United States are expected to reduce their tariff burden. The Wall Street Journal explained that "refund measures for tariffs already paid in the past may also be implemented."
In addition, the Trump administration plans to adjust taxes on imported auto parts, which are scheduled to take effect from the 3rd.
Meanwhile, President Trump is expected to announce the matter at a rally marking the 100th day of his inauguration in Detroit, Michigan.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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