Lutnick will also appear on CNBC at 2 pm ET
- Adjustments to auto tariffs are aimed at allowing domestic automakers time to growth US plants and employment
- Executive orders growth out of detailed conversations with domestic car makers
- Manufacturers of domestic autos will get a 15% offset for the value of those vehicles against parts imports
Automakers aren’t exactly cheering the news today with share prices near flat.
This whole things sounds over-complex and ripe for abuse. Ronald Reagan warned that tariffs end in corruption.
This article was written by Adam Button at www.forexlive.com.
