Trump gives automakers some tariff relief

From de-stacking tariffs to reimbursements for foreign parts, the White House provided weary automakers some respite from Trump's trade war.

The auto industry finally received some clarity Tuesday from the White House, as President Trump signed an executive order providing some exemptions on tariffs on foreign car and parts imports.

The exemptions aid automakers by preventing tariffs on foreign-made cars from stacking on top of other tariffs currently imposed by the administration.

This means automakers paying Trump's auto tariffs on imports won't also be charged for other duties. The White House is calling it "de-stacking," meaning automakers will pick the highest tariff that applies to them and pay only that one — meaning, for instance, no steel or aluminum tariffs or Chinese fentanyl-related tariffs on top of the existing tariff on foreign autos.

https://finance.yahoo.com/news/trump-gives-automakers-some-tariff-relief-200943678.html

That's still more money the consumers are paying.