US Lutnick: Domestic car makers could move supply chains to the US

FXStreetApr 29, 2025 3:54 PM

US Secretary of Commerce Howard Lutnick unveiled White House’s plans for US auto markers.

Key Quotes

Adjustments to autos tariffs are aimed at allowing domestic automakers time to grow US plants, employment.
The executive orders grew out of detailed conversation with domestic car makers.
Manufacturers of US-built autos will get a 15% offset for the value of those vehicles against parts imports.
This will help domestic car makers to move supply chains to US.

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