{"id":130354,"date":"2025-10-18T15:09:09","date_gmt":"2025-10-18T15:09:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/130354\/"},"modified":"2025-10-18T15:09:09","modified_gmt":"2025-10-18T15:09:09","slug":"trump-extends-tariff-concessions-for-us-carmakers-by-three-years","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/130354\/","title":{"rendered":"Trump extends tariff concessions for US carmakers by three years"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"US President Donald Trump answers questions from the White House press corps prior to leaving for a trip to Norfolk. Andrew Leyden\/ZUMA Press Wire\/dpa\" loading=\"eager\" height=\"533\" width=\"800\" class=\"yf-1gfnohs loader\"\/> US President Donald Trump answers questions from the White House press corps prior to leaving for a trip to Norfolk. Andrew Leyden\/ZUMA Press Wire\/dpa      <\/p>\n<p class=\"yf-1090901\">US President Donald Trump has extended tariff concessions on cars produced in the US with imported components until 2030. Manufacturers can receive a refund of up to 3.75% of the sales price of their vehicles.<\/p>\n<p class=\"yf-1090901\">The measure was originally set to expire in 2027, with the refund percentage falling to 2.5% from the second year onwards. Trump imposed tariffs of 25% on imported cars and components earlier this year.<\/p>\n<p class=\"yf-1090901\">The president has now also announced tariffs on imports of trucks and buses into the US. The tariff on trucks and components for trucks is 25%. As with cars, manufacturers can receive 3.75% of the sales price back for vehicles built in the US until 2030.<\/p>\n<p class=\"yf-1090901\">Trump pointed out that around 43% of trucks sold in the US are imported. The tariff on buses has been set at 10%.<\/p>\n<p class=\"yf-1090901\">By extending the concessions, Trump is responding to concerns raised by US manufacturers such as Ford and General Motors. They saw the trade agreement with Japan, which set a 15% tariff on vehicles built there, as problematic for US industry as vehicles assembled in the US contain 40% to 50% imported components, which are subject to 25% tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump answers questions from the White House press corps prior to leaving for a trip&hellip;\n","protected":false},"author":2,"featured_media":130355,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,356,179,18,19,78356,17],"class_list":{"0":"post-130354","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economy","11":"tag-eire","12":"tag-ie","13":"tag-imported-cars","14":"tag-ireland"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/130354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=130354"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/130354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/130355"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=130354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=130354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=130354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}