Automakers would receive credits for up to 15% of the value of vehicles assembled in the U.S. that could be applied against the value of imported parts, Lutnick told reporters. Autos and parts subject to the 25% Section 232 autos tariffs would no longer be subject to other tariffs imposed by Trump,

President Trump is set to take action Tuesday to offer some relief to automakers from the effects of his steep tariffs.

World stocks and the dollar nudged up on Tuesday after U.S. President Donald Trump's administration said it planned to reduce the impact of auto tariffs, a further sign of flexibility on a trade policy that has wreaked havoc on markets in April.

Donald Trump promised Americans a "boom like no other" if they elected him president. The action certainly has been explosive.

Nearing Trump's 100th day in office, economy isn't getting better for most, with tariffs, stock market convulsions and high grocery bills.

New polling from both CNN and the Washington Post mirror findings from Pew Research Center and Reuters/Ipsos released earlier this week showing Trump’s economic standing with th