4.8 • 1.7K Ratings
🗓️ 2 May 2025
⏱️ 9 minutes
🧾️ Download transcript
Trump rolls out eased auto tariffs, giving U.S. carmakers breathing room and rewarding domestic production. Ford CEO backs the move as markets rebound. Plus, insider talk on America's first new foreign trade deal and why this could be a turning point for U.S. industry.
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0:00.0 | Trump eases auto tariffs burden as Lutnik touts first foreign trade deal. |
0:06.0 | This is a Reuter story. |
0:08.0 | President Trump signs orders to ease auto tariffs, ordering carmakers two years ago, Rob, I think got a video on this to increase domestic components |
0:16.0 | with credits offsetting tariffs on imported parts at 3.75% of the manufacturer suggested retail price |
0:22.9 | through April 2026 and 2.5% through April 2027 stating we just wanted to help them. If they can't |
0:31.4 | get parts, we didn't want to penalize them. Rob, if this is the clip, going to play the clip. |
0:36.8 | I have a deal. Done, done, done, done. But I need to wait for their prime minister and their |
0:43.5 | parliament to give its approval, which I expect shortly. I'm not going to tell you what country. |
0:47.9 | Let the president. It's just you and me here and a couple of million people hopefully watching. |
0:51.4 | I let the president decide. So, and then there are country after country where we're just working through the details. |
0:56.8 | But you have to remember, they have prime ministers, they have parliament, they have to work through |
1:00.4 | their process. |
1:01.2 | But all of these are going to be coming. |
1:03.0 | And what they're going to be is they're going to be incredibly smart. |
1:06.7 | Top thoughts. |
1:08.4 | Well, I'll tell you. |
1:10.6 | Got a fact check there. |
1:12.0 | That was CNBC guy saying, and a couple million people watching. |
1:15.2 | So in the morning, they don't get that kind of rating. |
1:17.8 | So the second part is that this is good. |
1:21.3 | This is another win. |
1:22.8 | And I'll reflect it in this way. |
... |
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