More incoming tariff flip-flopping from the White House, The Wall Street Journal reports today. Trump is expected to rollback some duties on automakers so they don’t end up paying for multiple tariffs on materials like on steel and aluminum. You know, they stuff they usually make cars out of. And here’s the kicker: Trump may end up actually reimbursing some car companies for their tariffs based on the value of the vehicle! Folks, this is what real leadership looks like. According to the Journal:
The administration will also modify its tariffs on foreign auto parts—slated to be 25% and effective May 3—allowing automakers to be reimbursed for those tariffs up to an amount equal to 3.75% of the value of a U.S.-made car for one year. The reimbursement would fall to 2.5% of the car’s value in a second year, and then be phased out altogether.
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