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Trump Commerce Sec. Lutnick says U.S. auto CEOs are ‘cool with’ higher tariffs than Japan
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump’s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico. Lutnick brushed off complaints from a group representing General Motors, Ford and Stellantis that Trump’s plan could give Japanese automakers an advantage over the “Big Three” Detroit car companies. “Oh my God, that’s just so silly,” Lutnick said on CNBC’s “Squawk on the Street” after being asked about criticism by the American Automotive ... (full story)
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- Jul 24, 2025 12:21pm Posted byFundamental Analysis243
