Trump Slashes Auto Tariffs: A Win for EV Makers and Consumers
On April 29, 2025, U.S. President Donald Trump signed an executive order easing his 25% auto tariffs, offering relief to automakers after intense industry pushback, according to Reuters. This move, which includes credits for vehicles assembled in the U.S. and exemptions from other levies, could lower production costs for electric vehicle (EV) manufacturers and stabilize…