• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

2

After a decade of failed bills and three years of resignations, Washington finally discovers it cares about AI safety

3

Jamie Dimon runs JPMorgan’s 300,000 employees—but says it beats rivals by fighting in Navy SEAL-sized teams

1

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

2

After a decade of failed bills and three years of resignations, Washington finally discovers it cares about AI safety

3

Jamie Dimon runs JPMorgan’s 300,000 employees—but says it beats rivals by fighting in Navy SEAL-sized teams
Economy

Detroit automakers ask White House to be spared from new tariffs

By
Gabrielle Coppola
Gabrielle Coppola
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Gabrielle Coppola
Gabrielle Coppola
and
Bloomberg
Bloomberg
Down Arrow Button Icon
February 20, 2026, 7:52 PM ET
Ford CEO Jim Farley (C) speaks to U.S. President Donald Trump as Trump makes an announcement on changes to the country's fuel economy standards in the Oval Office at the White House on December 3, 2025.
Ford CEO Jim Farley (C) speaks to U.S. President Donald Trump as Trump makes an announcement on changes to the country's fuel economy standards in the Oval Office at the White House on December 3, 2025.Chip Somodevilla/Getty Images
Google source logo
Add Fortune on Google for similar content.

Detroit’s automakers asked the White House to shield them from new tariffs that President Donald Trump vowed to impose after the Supreme Court struck down most of his global duties. 

Recommended Video

The American Automotive Policy Council, which represents General Motors Co., Ford Motor Co. and Jeep-maker Stellantis NV, sent a letter to Trump’s trade team on Friday seeking to preserve a framework that protects them from paying multiple import taxes on vehicles and parts, according to a person familiar with the matter, who asked not to be identified discussing the private communication.

Read More: Supreme Court Axes Tariffs; Trump Responds With New Rate

Automakers are facing billions of dollars in additional costs from Trump’s tariffs, particularly those levied on imported autos and car parts. Those tariffs, as well as levies targeting steel and aluminum, were implemented under a law that gives the president authority to impose import taxes on national security grounds. The duties were unaffected by the Supreme Court’s ruling that struck down Trump’s broader import taxes imposed on many countries.

The president signed a pair of directives last April that eased the impact of his tariffs on the automotive industry, in part by preventing multiple levies from piling on top of each other.

The person said the White House hasn’t yet responded to the letter, which was reported earlier by the Wall Street Journal.

Trump said Friday that he planned to impose a flat 10% levy on foreign goods in the coming days, and that he would order a raft of trade investigations that should allow him to enact more permanent tariffs.

Exclusive: In a new sit-down interview with Fortune, OpenAI CEO Sam Altman explains safety standards are "not at a place" to push AI capabilities much further and warns AI beyond human control is "absolutely" possible. Watch or listen here.
About the Authors
By Gabrielle Coppola
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Economy


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Economy


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.