U.S. Commerce Secretary Mattis Lutnick: Automakers will choose the highest tariff associated with their goods, and they will pay it only once. Automakers will pay either the steel tariff or the auto tariff, whichever is higher.

2025-04-29

U.S. Commerce Secretary Mattis Lutnick: Automakers will choose the highest tariff associated with their goods, and they will pay it only once. Automakers will pay either the steel tariff or the auto tariff, whichever is higher.