US and China tariff tensions continue to dominate the focus, with signs of deescalation mounting even as President Trump sent mixed signals on the state of relations. On Monday, it was reported that Asian economies like South Korea,

President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

The White House is reportedly set to lower tariffs on some foreign-made parts needed to manufacture cars in the U.S. and reprieve automakers from steel and aluminum levies.

President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US.

After negotiations, companies paying Trump’s car tariffs won’t also be charged for other levies.