Reuters report now – White House official says Trump expected to soften auto tariffs

more to come

White House official:

• Trump is expected to soften the impact of his automotive tariffs
• Preventing duties on foreign-made cars from stacking on top of other tariffs Trump has imposed and easing some levies on foreign parts used to manufacture cars in the U.S.
• Those actions are expected tomorrow

These comments basically a repeat of the what the Wall Street Journal reported:

• Wall Street Journal says Trump to soften blow on automotive tariffs

More.

US Commerce SEC:

• Trump building important partnership with domestic automakers and workers;
• Deal rewards domestic manufacturers, supports firms committed to expanding US production

This article was written by Eamonn Sheridan at www.forexlive.com.