Will Trump's tariffs lead to more revenue to cover tax cuts? 03:07. President Trump describes his administration's sweeping new tariffs on other countries as a tool for accomplish

President Donald Trump is providing some relief to automakers reeling from his steep 25% tariffs imposed on foreign cars and auto parts. Trump, under a proclamation he signed April 29, is offering auto companies credits for a portion of the tariffs on auto parts that they import to build vehicles in the U.

President Donald Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers