(Reuters) -U.S. President Donald Trump is planning to spare carmakers from some tariffs following intense lobbying by industry executives over recent weeks, the Financial Times reported on Wednesday, citing a couple of people familiar with the matter.
The report said that Trump could exempt tariffs on car parts coming from China while also levying duties on imported steel and aluminum.
The exemptions, however, would leave in place the 25% tariff Trump imposed on all imports of foreign-made cars. The 25% duty on foreign-imported car parts, which is due to take effect on May 3, is also expected to continue, according to the report.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Alan Barona)
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