Axios
The Trump administration said on Tuesday that it will ease tariff pressure on automakers with reimbursements for taxes on foreign auto parts.
Why it matters:Â Senior administration officials say the relief came after conversations with domestic auto manufacturers, many of which have warned about the economic damage from the previously imposed 25% tariff rate.
Driving the news:Â President Trump is expected to sign an executive order later on Tuesday that would reimburse automakers for as much as 15% of the tariffs paid on imported foreign parts for cars finished in the U.S., effective on Saturday. That would move down to 10% next year.
