Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
It Is Happening Every Day, Every Where
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
The president thinks he can return America to manufacturing glory — but the cycles of economic history are hard to break.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
A textile trade association that has backed President Trump’s trade strategy took issue with Treasury Secretary Scott Bessent’s remark that emphasized “precision manufacturing” over clothing and fabrics.
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
The announcement comes as the Trump administration pressures firms to expand their U.S. manufacturing.