Trump signs announcement to provide compensation for auto parts tariffs

According to BlockBeats, on April 30th, US President Trump signed a notice allowing for a certain degree of compensation for car manufacturers who import automotive parts and assemble cars in the United States. This latest measure reflects the continuous opposition from various sectors of the United States to the government's tariff policy, which is bringing increasing pressure to the government. According to the announcement, this compensation is used to offset some of the tariffs on car parts assembled in the United States, with a maximum compensation amount of 3.75% of the retail price of the car. The upper limit of this compensation will be reduced to 2.5% of the retail price of the car in the second year. The 25% tariff on imported cars previously announced by Trump has officially taken effect on April 3, while the measure to impose a 25% tariff on key automotive components is scheduled to take effect on May 3. Xinhua News Agency