Back to today’s briefing

Story perspectives

White House Proposes Tariff Extension for Automakers

10/17/2025

44 7

Summary

Story summary

The White House plans to extend a five-year provision allowing automakers to cut tariffs on auto parts.
The move follows lobbying by Ford Motor Company and General Motors amid tariffs from President Donald J. Trump.
In 2025, automakers paid $10.6 billion in tariffs on Canada and Mexico.
The average new-car price has exceeded $50,000.
South Korea has negotiated a similar deal with the United States, not yet in effect.

1 of 1

Story summary

The White House plans to extend a five-year provision allowing automakers to cut tariffs on auto parts.
The move follows lobbying by Ford Motor Company and General Motors amid tariffs from President Donald J. Trump.
In 2025, automakers paid $10.6 billion in tariffs on Canada and Mexico.
The average new-car price has exceeded $50,000.
South Korea has negotiated a similar deal with the United States, not yet in effect.