President Trump signed a proclamation on Friday aimed at offsetting the impact of auto tariffs by expanding credits for eligible car manufacturers.
Under this new order, automakers who import car parts into the U.S. will receive a 3.75 percent offset from the vehicle’s listed retail price. This benefit is set to remain in effect until 2030.
Originally, the program was scheduled to expire sooner, but the recent proclamation extends these credits to support the automotive industry amid ongoing tariff challenges.
https://thehill.com/homenews/administration/5561604-trump-signs-auto-tariff-credits/
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