Administration officials said President Trump is planning to sign an executive order on Tuesday, which will return to some customs tariffs for homosexuals, which led to the removal of some of the fees in which Ford, Granur Motors and others complained about the manufacture of the United States by raising the cost of production and pressure on their profits.
Officials in a call with journalists said on Tuesday that the changes will change the tariff of Mr. Trump so that the officials who pay a tariff of 25 percent on imported cars will not be subjected to other fees, for example on steel and aluminum.
Car makers will also be able to qualify for a tariff for a percentage of the cost of their imported components, although these benefits will be disposed of during the next two years.
The decision to reduce the scope of definitions is the last sign that the Trump administration’s decision to impose harsh fees on almost all commercial partners create chaos and the economic uncertainty of American companies.
On Tuesday, General Motors said it would give up previous expectations for significant growth in profits this year as a result of the uncertainty that Mr. Trump’s commercial policies have created. The car maker, who sells more vehicles in the United States more than any other company, said that any profit prediction will be “guess.”
“It is not possible to rely on the previous guidance,” Paul Jacobson, General Motors Financial Director, said during a phone call with the reporters.
The auto company has also postponed a group call with financial analysts to discuss its results in the first quarter, noting the expected change of the Trump administration to the customs tariff policy. The company will now hold the call on Thursday.
Mr. Trump is expected to sign the matter on Tuesday to make changes in reality. It will come on the same day that Mr. Trump is scheduled to fly to Michigan, who is home to the largest car manufacturer in America, for a speech representing 100 days in his position.
The auto companies welcomed any relaxation in the definitions, which they said will raise the prices of cars, cause lower sales and threaten their financial capabilities. However, the steps will be left in place 25 percent on the imported vehicles that entered into force on April 3, and a tariff on the auto parts that will enter into force on Saturday. This will continue to raise the prices of new and used cars in thousands of dollars and increase the cost of reforms and insurance installments.
This step comes just weeks after the administration Exempt smartphones, computers, semi -conductors and other electronic devices By punishing Chinese definitions due to companies such as Apple that import taxes may cause high US consumer prices.
On Tuesday, Howard Lootnick, the Trade Secretary, said that the changes stem from direct talks with local auto manufacturers, and that the administration was “in constant contact” with companies to analyze its business and ensure that they obtained the policy completely correctly.
“Donald Trump and his chairmanship will re -manufacture local cars,” said Mr. Lootnick.
Analysts said this policy will provide car providers with some relief, but car manufacturers will still have a significant financial impact on the Trump administration tariff.
An official at the Ministry of Commerce said in a call with correspondents on Tuesday that next year, auto companies will receive a 25 percent exempting of the collective tariffs on imported auto parts equal to 15 percent of the retail price of the car. In the second year, the exemption will be offered by 10 percent of the retail price of the car, but it will disappear in the third year.
With the definitions of auto parts, for example, analysts in Barclays that a $ 50,000 car can contain parts worth $ 1875 not subject to tariffs.
Even US -made cars usually use much more imported parts than they will be covered with exemption. Barclays analysts said in a report on Tuesday.
Auto industry companies will continue in another tariff, for example the 2.5 percent tariff that is usually paid on imported cars. The administration has not yet announced the text of the executive order, and many other details are still unclear.
“Relief today does not determine the long -term challenge,” analysts in Bernstein said in a memo on Tuesday. “American car prices are heading up and economic momentum fades.”
However, car executive officials expressed his gratitude because Mr. Trump treated at least some of their concerns. In a statement on Monday, Mary T. said. Para, CEO of General Motors, the company estimated “productive talks with the president and his administration.”
She said: “The president’s leadership helps to settle the field of playing for companies such as General Motors and allowing us to invest more in the American economy.”
“Stelantis estimates the identification relief measures decided by President Trump,” John Elcan, the president of the company that owns Dodge, Jeep, Ramer and Kresler said in a statement. “While we also evaluate the impact of customs tariff policies on our operations in North America, we are looking forward to our continuous cooperation with the American administration to enhance the American competitive car industry and stimulate exports.”
The exemption has been partially designed by Mr. Lootnick, who has She played a role In securing profitable exemptions for some industries in recent months. In a statement on Monday, Mr. Lootnick described the deal as a “great victory for the president’s commercial policy.”
Mr. Lootnick said that this arrangement rewards companies “who are manufactured locally, while providing a runway for manufacturers who expressed their commitment to investing in America and expanding their local manufacturing.”
Neil E Bodit The reports contributed.
