1112 ET - Baird says news about President Trump's softened automotive tariffs is "mildly incrementally positive," for the industry mainly due to the administration exhibiting a degree of flexibility after active lobbying by OEMs on behalf of suppliers. WSJ reports that the White House will modify tariffs on foreign autos parts and eliminate stacking of other duties. Analyst Luke Junk says, "specific impacts to covered suppliers seem slightly positive at the margin, as even just some tariff relief at OEMs should help with overall auto parts tariff recoverability." Junk says the estimated financial benefits will vary by automaker and model, and notes that the top 15 selling U.S.-made cars in 2024 all had meaningful non-U.S. content per government data. (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 11:12 ET (15:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.