Trump vowed economic relief, but Americans say they’re struggling
President Donald Trump promised to end inflation and bring down food costs right away after he took office. Here’s what Americans think 100 days in.
WASHINGTON ― President Donald Trump is set to sign an executive order Tuesday offering some relief to automakers from the effects of his steep 25% tariffs imposed on imported vehicles, according to the White House.
Treasury Secretary Scott Bessent confirmed the plans at an April 29 briefing with the reporters. He declined to go into details but said it would amount to substantial steps “toward reassuring American auto manufacturing.”
The move comes as Trump is set to hold a rally in Michigan ‒ the heart of U.S. auto manufacturing ‒ Tuesday night marking the first 100 days of his second White House.
Earlier this month, Trump said he was considering an exemption on some auto tariffs, which include 25% levies on all foreign cars and light trucks as well as some auto parts. Doing so would be a major reprieve for automakers as the industry grapples with tariffs that threaten to raise prices of cars for American consumers.
Stock shares of the three largest U.S. automakers, Ford, General Motors and Stellantis, shot up April 14 after Trump’s comments.
Bessent said Trump has met with both domestic and foreign auto companies. “He’s committed to bringing back auto production to the U.S.,” Bessent said. “So we want to give the automakers a path to do that quickly, efficiently and create as many jobs as possible.”
Reach Joey Garrison on X @joeygarrison.