
On January 14, President Trump suggested a possible temporary exemption from auto tariffs to give carmakers time to adjust their supply chains away from countries like Canada and Mexico. This marks another potential reversal in his trade policy, adding to market confusion and concerns over economic stability. Though Trump initially called the 25% auto tariffs “permanent,” recent moves such as softening broader tariffs and temporarily easing levies on some Chinese electronics have raised doubts about the consistency of US trade strategy, fuelling recession fears and drawing criticism from economists and global partners.
Published on April 18, 2025
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