U.S. Starts Investigation Into Imported Planes and Parts
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
It Is Happening Every Day, Every Where
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.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
The few domestic companies that still make protective gear for health care workers have clamored for federal intervention. But they worry President Trump’s trade war with China won’t help.
Companies that make cars in Canada will be exempted provided they keep up production.