President Donald Trump and his trade team are considering narrower tariffs than they once envisioned, including more limited automotive duties and lower reciprocal tariffs, according to The Wall Street Journal’s Gavin Bade. The White House is weighing plans to impose tariffs on finished vehicles coming into the U.S. but not automotive parts, according to Sen. Bernie Moreno and other people familiar with the discussions, said the Journal. White House press secretary Karoline Leavitt has said that tariffs on the automotive industry will be outlined Wednesday afternoon, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Auto suppliers include Lear (LEA), Aptiv (APTV) or BorgWarner (BWA), LKQ Corp. (LKQ), Magna (MGA), Gentex (GNTX) and Autoliv (ALV).
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