The Trump administration will move to reduce the impact of U.S. automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars, and by preventing tariffs on cars made abroad from piling on top of tariffs already levied, such as duties on steel, officials said. “President Trump is building an important partnership with both the domestic automakers and our great American workers,” Commerce Secretary Howard Lutnick said in a statement provided by the White House.
The Liberals won Canada’s general election on Monday and will form a government for the fourth consecutive term, with Mark Carney remaining as prime minister. Preliminary election results also showed Conservative leader Pierre Poilievre and NDP leader Jagmeet Singh losing their seats. Poilievre said he’ll stay on as party leader, while Singh said he would step down….