President Trump's administration announces a plan to mitigate the impact of automotive tariffs on foreign parts in U.S.-made vehicles while maintaining tariffs on entirely foreign-produced cars. This move aims to reward domestic manufacturing,

US Commerce Secretary Howard Lutnick said, “President Trump is building an important partnership with both the domestic automakers and our great American workers."

President Donald Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday to CNBC's Eamon Javers. The confirmation follows a Financial Times report that Trump is planning to exempt auto parts from tariffs on imports from China.