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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump is scheduled to sign an executive order easing the impact of his auto tariffs, preventing duties on foreign-made vehicles from stacking on top of other levies and lessening charges on parts from overseas used to make vehicles in the US.
White House Press Secretary Karoline Leavitt said the administration would release the text of the directive, detailing the specifics of the action, later on Tuesday.
The plan would change 25% tariffs on auto part imports, expected to start May 3, by allowing carmakers to claim an offset worth up to 3.75% of the value of a US-made vehicle for one year, a senior Commerce Department official said.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
See omnystudio.com/listener for privacy information.
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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump is scheduled to sign an executive order easing the impact of his auto tariffs, preventing duties on foreign-made vehicles from stacking on top of other levies and lessening charges on parts from overseas used to make vehicles in the US.
White House Press Secretary Karoline Leavitt said the administration would release the text of the directive, detailing the specifics of the action, later on Tuesday.
The plan would change 25% tariffs on auto part imports, expected to start May 3, by allowing carmakers to claim an offset worth up to 3.75% of the value of a US-made vehicle for one year, a senior Commerce Department official said.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
See omnystudio.com/listener for privacy information.
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