Trump will likely reduce US auto tariffs as early as Tuesday

Most automotive suppliers don't have the capital to survive an abrupt tariff-related disruption. Many of them are already in distress. The failure of a single supplier is enough to bring an automaker's production in the US to a standstill.

The letter from the associations, which represent General Motors, Toyota Motor, Volkswagen and Hyundai , among others, was sent to US Trade Representative Jamieson Greer , Treasury Secretary Scott Bessent (63) and Commerce Secretary Lutnick.