US President Donald Trump (78) Auto manufacturers have at least temporarily applicable exceptions from its far -reaching tariffs. The car companies need a little more time to use their supply chains on a parts production in the USA To change, said Trump. That’s why he is currently checking how to help some manufacturers. Trump did not provide any information on what the specific measures look like and how long it could take.
Some vehicles are already excluded
Trump had imposed tariffs of 25 percent on vehicles imported to the USA – and at the beginning of May, tariffs are also to follow the components imported. At the same time there are already some vehicles from Mexico and Canada except for a North American trade agreement. The stocks of the US auto giants General Motors and ford moved after Trump’s announcement.
The Trump government already had electronics products such as smartphones and laptops at the weekend China from its additional tariffs of 125 percent. A big winner of this step is Apple: Most of the most iPhones are still being built in China, even if the group in production in India and Vietnam expanded. At the same time, the White House emphasizes that the exceptions are limited and that the electronics should fall under planned chip tariffs.
Trump was asked about Apple on Monday and said he was talking to CEO Tim Cook (64) and will be flexible: “I don’t want to harm anyone.” He recently helped Cook.