Trump eases auto tariff burden as Lutnick touts foreign trade deal

The U.S. President Donald Trump has softened his auto tariffs by providing credits for domestic vehicle production and announcing progress in trade deals with a foreign partner, offering relief to investors who were wary of his unpredictable trade policies. This move comes as he prepares to leave Washington for Michigan, the hub of the U.S. automotive industry, just before new tariffs are set to hit imported components. While this could alleviate some concerns about economic growth and inflation, Americans remain skeptical of Trump's economic leadership, with critics warning it may increase unemployment.