Auto industry could get exemptions from tariffs, Trump says
President Donald Trump said he’s considering temporary tariff exemptions for automakers amid attempts to move manufacturing back to the U.S.
President Donald Trump is meeting with Japanese officials as his new tariffs scramble trade relations with countries around the world.
“Japan is coming in today to negotiate Tariffs, the cost of military support, and ‘TRADE FAIRNESS,'” Trump wrote on social media on April 16. “I will attend the meeting, along with Treasury & Commerce Secretaries. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!”
Trump announced big reciprocal tariffs on many countries, including Japan, but then paused all of them for 90 days, except tariffs on China, while he negotiates. A 10% universal tariff went into effect.
Now, the Trump administration is pushing to work out new trade deals with dozens of countries. Nothing has been announced yet, but White House Press Secretary Karoline Leavitt said on April 15 that 15 countries have submitted proposals.
“We’ve had more than 15 deals, pieces of paper, put on the table, proposals that are actively being considered. And as we’ve said consistently, more than 75 countries have reached out,” Leavitt said.