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.

STORY: U.S. President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday.Officials said that could include alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones.