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Trump will announce measures to alleviate the impact of Autos tariffs, including reducing certain tariffs on foreign components.
According to USA government officials, the Trump administration will take action on Tuesday to reduce the impact of its automotive tariffs by alleviating certain tariffs on foreign parts used in vehicles manufactured domestically in the USA, and preventing additional tariffs on foreign-made vehicles from stacking onto other tariffs. USA Secretary of Commerce Howard Lutnick stated in a release, "President Trump is building an important partnership with domestic Auto Manufacturers and our great American workers. This agreement... rewards companies producing in the USA while also supporting those committed to investing and expanding in the USA."
What kind of week will this be? Global stock markets are facing a "tariff storm," and U.S. Treasury bonds are back in focus.
Since this quarter, U.S. Treasury bonds have outperformed Stocks, with a cumulative increase of more than 2%, while the S&P 500 Index has declined by about 5%. Analysis suggests that the 'reciprocal tariff' policy may impact the stock of Industries such as Autos, chips, and Pharmaceuticals, while the outlook of economic downturn and declining stock market will continue to elevate U.S. Treasury bonds as a safe haven Assets.
Supply chain experts: Trump's "Steel and Aluminum Tariffs" will severely damage America's Car-Mart!
① Ted Krantz, the CEO of Interos.ai, warned that Trump's "steel and aluminum tariffs" will severely impact the United States automotive industry, affecting 0.4 million companies, 3% of which are from the automotive sector, with expected vehicle transportation costs rising by $6,500. ② The supply chains for United States Steel, Aluminum, and Auto Parts heavily rely on foreign imports, primarily from China, India, Mexico, Italy, and Germany.
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