President Donald Trump confirmed a 90-day pause on a wide range of tariffs, except for the 25% tariffs on imported automobiles and auto parts.
The pause does not extend to sector-specific tariffs, such as automobiles, steel, aluminum, and pharmaceuticals.
The decision to keep the 25% import tax on autos and parts puts pressure on foreign automakers and impacts the American supply chain, particularly in Michigan.
China also faces a sweeping escalation of tariffs, which could further disrupt the global supply chains of the auto industry.