US president will curb some duties on foreign parts in domestically manufactured cars, administration saysBusiness live – latest updatesDonald Trump will unveil plans to water down his sweeping tariffs for US carmakers on Tuesday by curbing some duties on foreign parts, granting a reprieve to an industry that warned his strategy would hike costs for American manufacturers by tens of billions of dollars.The White House trailed the deal on Monday and while details were scarce, Trump appears to be preparing to reprieve auto giants operating in the US from his aggressive trade strategy. Officials said he would sign an executive order later on Tuesday. Continue reading...
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