Trump Commerce Secretary Lutnick says U.S. auto CEOs are 'cool with' higher tariffs than Japan
Publishing timestamp: 2025-07-24 16:35:40
Summary
Commerce Secretary Howard Lutnick dismissed concerns from Detroit automakers about President Trump's new trade deal with Japan, saying that U.S. auto manufacturing CEOs are "cool with it." The deal includes lower tariffs on cars imported from Japan compared to cars made by U.S. companies in Canada and Mexico. Despite concerns from American auto companies, Lutnick believes that moving manufacturing facilities to the U.S. could help them avoid paying tariffs.
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Keywords: business, business news, trade, elections, honda motor co ltd, stellantis nv, politics, general motors co, toyota motor corp, howard lutnick, mazda motor corp, donald trump, autos, united states, nissan motor co ltd, japan, u.s. economy, foreign policy, tariff, donald j. trump, breaking news: politics, ford motor co,
Source: https://www.cnbc.com/2025/07/24/lutnick-trump-japan-deal-auto-trade-tariffs.html