President Trump's administration announces a plan to mitigate the impact of automotive tariffs on foreign parts in U.S.-made vehicles while maintaining tariffs on entirely foreign-produced cars. This move aims to reward domestic manufacturing,

President Donald Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday to CNBC's Eamon Javers. The confirmation follows a Financial Times report that Trump is planning to exempt auto parts from tariffs on imports from China.

President Trump's tariffs on automobiles are benefiting Tennessee as Nissan announced it would reverse an earlier decision to cut back production at its plant in Smyrna. Why it matters: A primary goal of Trump's aggressive tariff strategy is to boost U.