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Trump signs executive orders to give automobile industry some tariff relief [Video]

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Canadian Economy and Markets

Treasury Secretary Scott Bessent speaks during a briefing with White House press secretary Karoline Leavitt at the White House, Tuesday, April 29, 2025, in Washington. THE CANADIAN PRESS/AP-Evan Vucci

U.S. President Donald Trump signed executive orders Tuesday that he said will give some temporary relief to an automotive industry besieged by multiple tariffs that have caused anxiety and concern throughout the deeply integrated North American market.

“We just wanted to help them endure this little transition, short term … If they can’t get parts, you know it has to do with a very small percentage, if they can’t get parts we didn’t want to penalize them,” Trump told reporters at the White House.

An official with the Commerce Department said in a call with reporters Tuesday that the administration will offer automakers that finish their vehicles in the U.S. a rebate on imported auto parts that is equal to 15 …

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