The Truth About Cars

Report: Auto Tariffs Will Be Tamped Down After Heavy Lobbying From Detroit | The Truth About Cars

The White House appears ready to extend tariff relief for the U.S.auto industry—the plan involves a five-year extension of a previously carved out provision allowing automakers to reduce the tariffs they pay on imported car parts.According to a report from Bloomberg, the Commerce Department will announce an extension to the arrangement in the coming days—potentially even as early as later today.The original carve-out was expected to last just two years.