US President Donald Trump has signed an order to ease the impact of new tariffs on the auto industry, which had sparked warnings about higher prices and the potential for significant hits to sales and production.
The change will allow carmakers with US factories to reduce the amount they pay in import taxes on foreign parts, using a formula tied to how many cars they sell and the price.
The provision is intended to provide relief to businesses for two years as they rework their supply chains, White House officials said.
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