Trump plans to exempt carmakers from some tariffs, FT reports

US President Donald Trump is planning to spare carmakers from some tariffs, The Financial Times reported on Wednesday, citing two people with knowledge of the matter.

The White House has rejected the notion that President Donald Trump has hurt US credibility, citing instead the need to clean up after what it calls former president Joe Biden's "feckless leadership" on the world stage.
The White House has rejected the notion that President Donald Trump has hurt US credibility, citing instead the need to clean up after what it calls former president Joe Biden's "feckless leadership" on the world stage. (Win McNamee/Getty Images)

US President Donald Trump is planning to spare carmakers from some tariffs, The Financial Times reported on Wednesday, citing two people with knowledge of the matter.

Car parts would be exempted from tariffs that are being imposed on imports from China over fentanyl and tariffs levied on steel and aluminium, the report added.



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