Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
1. Trump administration eases tariffs on imported cars, aiding domestic production. 2. 25% tariffs on vehicles and parts remain, impacting consumer prices. 3. Reimbursements for automakers equal 3.75% of new car value, phased out in two years. 4. Domestic manufacturers benefit; prices for new cars expected to rise significantly. 5. G.M. CEO supports tariff modifications as beneficial for U.S. investment.