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Trump is considering providing a temporary exemption for tariffs imposed on imported cars and parts.
According to Bloomberg, U.S. President Trump has stated that he is considering providing a temporary exemption from tariffs imposed on imported cars and parts to give automotive companies more time to establish production lines in the U.S. Currently, a 25% tariff has been imposed on complete vehicles, and the tariff on parts is expected to take effect no later than May 3. Prior to this, the Trump administration had implemented temporary tariff exemptions on certain electronic products.