New Delhi, April 30 -- US President Donald Trump signed an executive order on Tuesday (April 29) to ease the impact of his auto tariffs, responding to lobbying from automakers, parts suppliers, and car dealers. The move comes after warnings that excessive levies could lead to higher car prices, plant shutdowns, and job losses in the US auto industry. Trump's decision to soften the blow of the tariffs provides a reprieve for the industry, allowing car manufacturers some breathing room to address their concerns.

"I have now determined that, to the extent these tariffs apply to the same article, these tariffs should not all have a cumulative effect (or 'stack' on top of one another)," Trump explained in the executive order. He emphasised th...