US Commerce Secretary Howard Lutnick appeared to confirm reporting on​ Monday that a deal has been reached with automakers to​ ease tariffs, in another potential policy reversal that could grant a major reprieve for a beleaguered industry.

The Trump administration is set to ease the impact of tariffs on automakers, Commerce Secretary Howard Lutnick indicated on Monday night. Why it matters: Even Trump allies have expressed alarm at 25% tariffs already enacted on new foreign vehicles sold in the U.

The U.S. Secretary of Commerce, Howard Lutnick, listed out key points to provide some relief to automobile manufacturers from President Donald Trump's reciprocal tariffs, which rattled American carmakers.