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
AUD/USD: Current price action is likely the early stages of a recovery – UOB GroupAustralian Dollar (AUD) is likely to trade in a sideways range between 0.6220 and 0.6290. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Australian Dollar (AUD) is likely to trade in a sideways range between 0.6220 and 0.6290. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Amid escalating U.S.-China trade tensions, the Trump administration has targeted Nvidia’s H20 chips, specifically designed for the Chinese market—by imposing new export licensing requirem
Ethereum price started a downside correction below the $1,780 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820.
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from the vicinity of the $3,265-3,260 pivotal support and attracts fresh sellers during the Asian session on Tuesday.
EUR/USD ticks lower despite uncertainty over US-China tradeEUR/USD edges lower to near 1.1400 during European trading hours on Tuesday. The major currency pair ticks lower as the US Dollar (USD) steadies, but remains broadly on edge amid escalating uncertainty about the trade outlook between the United States (US) and China.
EUR/USD edges lower to near 1.1400 during European trading hours on Tuesday. The major currency pair ticks lower as the US Dollar (USD) steadies, but remains broadly on edge amid escalating uncertainty about the trade outlook between the United States (US) and China.
Related Instrument
