President Trump is offering automakers rebates for a portion of the tariffs on auto parts that automakers import to build vehicles in the U.S.

A slower phase-in for tariffs on auto parts will give manufacturers time to ramp up manufacturing in the U.S. Some warn they will still drive up car prices.

Trump's administration will alleviate some duties imposed on foreign parts in domestically manufactured cars and keep tariffs on cars made abroad from piling on top of other ones.