Last Updated:May 02, 2025, 01:00 IST Crux World President Donald Trump signed executive aimed to strengthen the American automotive industry and also reduce auto tariffs and prevent them stacking on one another. This comes after intense lobbying and discussions with several auto firms who raised concerns that drastic increase in tariffs combined with levies on other parts and raw materials like steel, aluminium, could result in reduced manufacturing and job losses along with significant increase in the prices of automobiles. n18oc_world n18oc_crux00:00 INTRODUCTION 00:25 TRUMP SOFTENS ON TARIFFS 01:12 AUTOMAKERS PUSH BACK 01:56 WALKBACK OR FLEXIBILITY?02:30 REVENUE VS REALITY03:01 MARKETS RATTLED, CEOs STALL03:24 GLOBAL TENSION, DOMESTIC DAMAGE04:02 POLICY OR POLITICS