AutoExec Summary: US automakers have received a reprieve from the 25 per cent tariffs on imported vehicles, with the White House confirming exemptions on additional duties for raw materials like steel and aluminium. This adjustment follows lobbying from major manufacturers, including Detroit’s Big Three, who warned of risks to the North American supply chain. Automakers can now claim credits of up to 15 per cent on vehicles assembled in the US, although tariffs may still apply based on the country of origin. While this provides some relief, the industry continues to face supply chain disruptions. The impact on the Australian market remains uncertain, as US-made vehicles accounted for only one per cent of sales last year.
Brands mentioned: General Motors, Ford, Stellantis, Jeep, Ram, Dodge.
