<ul><li>President Donald Trump’s updated auto tariff policy is set to impact over $460 billion worth of vehicle and parts imports annually.</li><li>The 25% tariff, effective from May 3, will be imposed on a wide range of components, including engines, transmissions, and lithium-ion batteries.</li><li>The move is expected to result in higher costs, delayed model rollouts, and a possible reindustrialization of auto part manufacturing within the US.</li><li>The Commerce Department will develop a process for domestic producers to petition for additional auto parts to be added to the tariff list.</li></ul>

Trump’s Auto Tariffs to Reshape $460 Billion Worth of Vehicle and Parts Imports

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