Trump was expected to sign the order ahead of an evening rally at Macomb Community College in Macomb, Michigan, to celebrate his first 100 days in office.
Ahead of the order, Commerce Secretary Howard Lutnick said, “This deal is a major victory for the President’s trade policy by rewarding companies who manufacture domestically while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing.”
Automakers are reportedly expected to receive credits for imported auto parts for as much as 15% of the value of vehicles assembled in the US.
Treasury Secretary Scott Bessent said on Friday April 25, “There are exemptions and solutions for the auto industry with the President aiming to make the US a top destination for auto manufacturing.”
Bessent, who was interviewed on Fox Business, confirmed news reports that Trump’s order will eliminate “double tariffs” on imported autos and parts.
As a result, imports of cars and parts subject to a 25% auto tariff will not be charged an additional 25% Section 232 tariff, the secretary confirmed.
Under current trade rules, auto parts from Canada and Mexico that are compliant with the United-States Mexico-Canada Agreement do not face any tariffs.
