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Treasury Secretary Scott Bessent speaks to reporters at the White House on April 29, 2025. Mandel Ngan/AFP via Getty Images hide caption
toggle caption Mandel Ngan/AFP via Getty ImagesPresident Trump signed executive actions giving automakers a break on some of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

Politics
It's been a wild rollout of Trump's tariffs. Here's how we got here
The move comes as Trump traveled to Michigan for a rally marking his 100 days in office. Trump's on-again, off-again approach to tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.
Treasury Secretary Scott Bessent told reporters that Trump had made the decision after meeting with domestic and foreign automakers.
Trump's goal is to bring more auto manufacturing to the United States, Bessent said. "So we want to give the automakers a path to do that quickly, efficiently and create as many jobs as possible," he said.

Cars of German car maker Audi destined for export wait at the automotive terminal in Bremerhaven, Germany on April 22, 2025. Focke Strangmann/Getty Images hide caption
toggle caption Focke Strangmann/Getty ImagesThe move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday.