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Trump could spare car parts from tariffs on steel and aluminum, report says

Hyundai Steel in Incheon, South Korea.
The Hyundai steel factory in Incheon, South Korea. Steel and aluminum imports face a 25 percent tariff in the U.S. Imported car parts made with those materials could face a double tariff. (REUTERS)
RN
By:
Reuters News
April 24, 2025 09:45 AM

President Donald Trump is planning to spare carmakers from some tariffs following intense lobbying by industry executives over recent weeks, the Financial Times reported on April 23, citing people familiar with the matter.

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