Trump Claims He May Pause Auto Industry Tariffs

The Associated Press reports:

Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office.

He said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets. When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.”

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He’s completely insane. https://t.co/guCHjryVB3 pic.twitter.com/IgCKEKEZgv

— Hoodlum 🇺🇸 (@NotHoodlum) April 14, 2025

President Donald Trump is weighing possible exemptions to his tariffs on imported vehicles and parts to provide auto companies with more time to set up US manufacturing.

Tyler Kendall reports https://t.co/BqrsnB60qp pic.twitter.com/KYA3EE35QH

— Bloomberg TV (@BloombergTV) April 14, 2025

REPORTER: You mentioned short-lived tariffs exemptions. Which specific products?

TRUMP: I’m looking at something to help some of the car companies. They need a little bit of time. I speak to Tim Cook. pic.twitter.com/eGDFQaStQD

— Aaron Rupar (@atrupar) April 14, 2025