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US Politics

US Politics

Trump's new automotive tariff exemption benefits one company: Tesla

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President Donald Trump 's tariffs have already had a huge impact on the U.S. economy.

Commerce Secretary Howard Lutnick announced that Trump would ease the 25 percent tariff on automobiles.

The move was designed to give car companies an opportunity to move production to the United States .

Interestingly, only one company qualifies for this new tariff exemption: Tesla .