US Lutnick: Domestic car makers could move supply chains to the US
Source Fxstreet
US Secretary of Commerce Howard Lutnick unveiled White House’s plans for US auto markers.
Key Quotes
- Adjustments to autos tariffs are aimed at allowing domestic automakers time to grow US plants, employment.
- The executive orders grew out of detailed conversation with domestic car makers.
- Manufacturers of US-built autos will get a 15% offset for the value of those vehicles against parts imports.
- This will help domestic car makers to move supply chains to US.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?TradingKey - In 2025, gold prices steadily climbed, posting a stunning 56% gain; silver's rally was even more potent, surging over 100% year-to-date and breaching the $61 mark. Since November, copper
TradingKey - In 2025, gold prices steadily climbed, posting a stunning 56% gain; silver's rally was even more potent, surging over 100% year-to-date and breaching the $61 mark. Since November, copper
Solana (SOL) targets a breakout above $145 as four days of ETF inflows, rising futures open interest, and growing on-chain liquidity signal a return of bullish momentum.
Bitcoin has reclaimed the $94,000 mark, suggesting a possible short-term bullish uptrend, despite concerns over liquidity.
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
TradingKey - Global oil prices extended declines Tuesday, erasing last week's gains. WTI and Brent crude futures fell further, pressured by renewed Iraqi supply and Saudi price cuts, despite looming F
