This week, the Financial Times reported that Trump was planning to exempt auto parts from tariffs on Chinese goods -- imposed over the country's alleged role in the fentanyl supply chain -- and those on steel and aluminum imports.
The levies on imported automobiles also impact car parts.
But the official did not provide further details.
Some businesses in sectors hardest-hit by especially high rates on China -- at an additional 145 percent on many products -- have also halted imports as they try to wait out the sharp duties.
Automobiles have not been hit by Trump’s “reciprocal tariffs“ involving a 10 percent rate on goods from most trading partners, and an added 125 percent on many products from China.
Asked who the president listens to when it comes to trade policy, US Treasury Secretary Scott Bessent told reporters Wednesday that apart from Trump’s economic team, “he has a vast network including the business community.”
He added that representatives from major German auto companies have also spoken with the Trump administration.
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