Will Trump's tariffs lead to more revenue to cover tax cuts? 03:07. President Trump describes his administration's sweeping new tariffs on other countries as a tool for accomplish

President Donald Trump is providing some relief to automakers reeling from his steep 25% tariffs imposed on foreign cars and auto parts. Trump, under a proclamation he signed April 29, is offering auto companies credits for a portion of the tariffs on auto parts that they import to build vehicles in the U.

President Donald Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers

Mercedes is set to “localize” a “core segment” vehicle line to its plant in Tuscaloosa, Alabama, by 2027, the automaker announced Thursday. The German company said it wanted to strengthen “our ties to the North American market” as President Donald Trump’s sweeping tariffs prompt some companies to relocate to the United States.

Mercedes-Benz’s manufacturing plant in Tuscaloosa, Alabama, will build a new vehicle for the luxury automaker, according to a Thursday announcement.

Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump's auto tariff.