US President Donald Trump is planning to spare carmakers from some of his most onerous tariffs, in another trade war climbdown following intense lobbying by industry executives over recent weeks. The move would exempt car parts from the tariffs that Trump is imposing on imports from China to counter fentanyl production,

US President Donald Trump has signaled a major U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”

President Donald Trump said final tariffs on goods from China would "not be anywhere near" the current rate of 145%, and would "come down substantially." During a press conference in the Oval Office on Tuesday,