Auto industry tariffs are doing what now? 24 hours of White House confusion

Over the past 24 hours, the car manufacture has experienced immoderate of the astir utmost whiplash successful the saga of the Trump administration's tariffs, ending connected Wednesday nighttime with 2 contradicting argumentation proposals coming retired of the White House: China whitethorn beryllium granted exemptions connected car portion tariffs, but Canada's car tariffs mightiness increase.

Last night, the Wall Street Journal reported that Trump was considering slashing his 145 percent tariffs connected China, lowering immoderate of them perchance to 50 percent - a study that whitethorn person assuaged rattled investors. It seemed particularly credible fixed Trump himself hinted astatine decreases during a property lawsuit earlier that day, saying: "145% is excessively high. It volition travel down substantially." Yet Treasury Secretary Scott Bessent denied the WSJ study the adjacent morning, saying the U.S. would not little tariffs unilaterally. "This is the equivalent of an embargo, and a interruption betwixt the 2 countries successful commercialized does not suit anyone's interests," helium told reporters.

Within hours, however, the Financial Times reported that Trump was so readying to destruct his recently-imposed tariffs connected steel, aluminum, and car parts imported from China, and the White House conf …

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