The president of the United States, Donald Trump, speaks with the media before addressing Marine One when they go to Michigan to attend a demonstration to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, DC, EE. UU., April 29, 2025. Credit of the photo: Reuters/Leah Millis
The president of the United States, Donald Trump, signed an order to soften the blow of his automatic tariffs on Tuesday with a combination of credits and relief from other taxes on materials, and his commercial team promoted his first agreement with an erratic foreign trade. Trambado trampo investor investor.
The change comes the day Trump went to Michigan, Cradle of the Auto Industry of the United States. And a few days before a new import tax set of 25% in the automotive components began. The trip, on the eve of his day 100 in office, occurs when the Americans take an increasingly dim vision of Trump’s economic administration, with indications that their tariffs weigh on growth and could increase inflation and Injunto.
In his last partial reversal of tariff policies, the Republican President agreed to provide car manufacturers credits up to 15% of the value of vehicles gathered nationwide. These could be applied against the value of the imported parts, which allows time to bring chains of return home.
The leaders of the automotive industry had pressed the administration during the week since Trump first presented their 25% tariffs in imported vehicles and auto parts. The levies, aimed at forcing automobile manufacturers to reformulate manufacturing nationwide, had threatened to stir an automotive production network of North America integrated in the United States, Canada and Mexico.
It offers the industry a “little relief” as companies invest in more American production, Trump said when he left Washington for Michigan. “We just wanted to help them … if they can’t get pieces, we didn’t want to penalize them.”
The uncertainty broke out throughout the automotive sector through Trump’s rates remained on display on Tuesday when GM achieved its annual prognosis alike, since it reported strong quarterly sales and profits. In an unusual movement, the car manufacturer also chose to delay a programmed telephone conference with analysts until later in the week, after the details of the tariff changes were known.
Meanwhile, the United States Secretary of Commerce, Howard Lutnick, told CNBC that he had reached an agreement with a foreign power that should permanently relieve the “reciprocal” rates that Trump plans to impose. Lutnick refused to identify the country, saying that the agreement was pending local approvals.
“I have an agreement … but I need to wait for his prime minister and his parliament to give his focus,” Lutnick said.
Lutnick’s comments helped to raise the prices of the actions that had been mistreated by Trump’s movements to remodel global trade and force products to transfer production to the US. UU. The reference index S&P 500 closed 0.6% higher for a sixth day of gain gains.
Incorrect in each prediction
Trump and his team aim to achieve 90 trade that pauses 90 days on their reciprocal tariffs announced in early April. His administration has repeatedly said that he was negotiating bilateral trade agreements with diseases from countries.
A main objective of Trump is to demolish a massive trade deficit of goods in the United States, which shot a record in March in an increase in imports destined to carry out the encumbrances.
Trump’s aggressive commercial policies have in waterfall through the global economy their return to the White House in January, and the 90 -day break was announced after the financial markets entered a tail on fears of recession and inflation, among other factors.
Linking the impact of automotive taxes is the last movement of their administration to show flexibility in tariffs that have sown agitation in financial markets, they created uncertainty for companies and caused fears of a strong economic slowdown. A Reuters/Ipsos survey published on Tuesday showed that only 36% of respondents approved or their economic administration, the lowest level in their current mandate or in its 2017-2021 presidency.
Meanwhile, the first quarterly report on the American Gross Domestic Product covered by Trump’s term must be presented on Wednesday. It is expected to reflect a great drag of the effect of its tariffs, mainly of a record increase in imports such as purchases of goods on the front of companies and consumers to try to overcome the new levies. It is forecast that the economy would expand at an annualized rate of 0.3% from January to March, according to a survey of reuters economists, compared to 2.4% in the last three months of 2024.
US and global companies increasingly sounding the alarm on the effects of tariffs.
UPS said Tuesday that he reduced 20,000 jobs at lower costs, while General Motors achieved his perspective and pushed his investor call to Thursday waiting for possible changes in commercial policy. They also cited the winds against tariffs, the American ketchup manufacturer Kraft Heinz and the Electrolux Swedish appliance manufacturer, additional evidence that a chaotic commercial policy is affecting the capacity of companies to plan beyond the immediate term.
Around 40 companies worldwide have retired or reduced their guide forward in the first two weeks of the first quarter profit season, according to a Reuters analysis.
“It has been shown that each prediction is wrong,” Yannick Fierling, Electrolux CEO, told Reuters. “I am surprised if people say they have an opinion where the tariffs go.”
Posted on April 30, 2025