By JOSH BOAK and ALEXA ST. JOHN, Associated Press

WASHINGTON (AP) — President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.

Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. White House press secretary Karoline Leavitt said at a Tuesday briefing that Trump would sign the order later in the day but declined to provide details on the order.

Treasury Secretary Scott Bessent, who joined Leavitt at the White House briefing, said the goal was to enable automakers to create more domestic manufacturing jobs.

White House press secretary Karoline Leavitt speaks during a briefing with Treasury Secretary Scott Bessent at the White House, Tuesday, April 29, 2025, in Washington. (AP Photo/Evan Vucci)

“President Trump has had meetings with both domestic and foreign auto producers, and he’s committed to bringing back auto production to the U.S.,” Bessent said. “So we want to give the automakers a path to do that, quickly, efficiently and create as many jobs as possible.”

Stellantis Chairman John Elkann said in a statement that the company appreciates the president’s tariff relief measures.

“While we further assess the impact of the tariff policies on our North American operations, we look forward to our continued collaboration with the U.S. Administration to strengthen a competitive American auto industry and stimulate exports,” he said.

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The Wall Street Journal reported that the order involves changes in how the import taxes would be enforced to prevent multiple tariffs from being charged on foreign-made vehicles and reducing tariffs on parts imported to make autos domestically. The changes would also be retroactive.

The tariffs imposed by Trump were seen by some as an existential threat to the auto sector. Arthur Laffer, whom Trump gave the Presidential Medal of Freedom to during his first term, said in a private analysis that the tariffs without any modifications could add $4,711 to the cost of a vehicle.

New vehicles sold at $47,462 on average last month, according to auto-buying resource Kelley Blue Book.

The modifications come as Trump marks 100 days back in the White House by going to Michigan, a state defined by auto manufacturing. Trump won the state in last year’s election by promising to increase factory jobs.

Still, it remains unclear what impact Trump’s broader tariffs will have on the U.S. economy and auto sales. Most economists say the tariffs — which could ultimately hit most imports — would raise prices and slow economic growth, possibly hurting auto sales despite the relief that the administration intends to offer on its previous policies.

St. John contributed from Detroit.

By PAUL WISEMAN, Associated Press Economics Writer

WASHINGTON (AP) — Job openings in the United States fell in March as President Donald Trump’s trade wars clouded the economic outlook.

U.S. employers posted 7.2 million vacancies in March, down from 7.5 million in February and 8.1 million in March 2024, the Labor Department reported Tuesday. It was the fewest number of openings since September and below the 7.5 million that economists had forecast.

But the department’s Job Openings and Labor Turnover Summary also showed that the number of Americans quitting their jobs — a sign of confidence in the economy — rose modestly. And layoffs fell to the lowest level since June.

Openings remain high by historical standards but have fallen steadily since peaking at 12.1 million in March 2022 when the economy was still bouncing back from COVID-19.

The American job market has proven remarkably resilient. Companies, nonprofits and government agencies continued hire in the face of high interest rates engineered by the Federal Reserve to combat a resurgence of inflation.

The economic outlook is uncertain, largely because of Trump’s policies — huge taxes on imports, purges of federal workers and the deportation of immigrants working in the United States illegally.

Still, federal job cuts by billionaire Elon Musk’s Department of Government Efficiency didn’t have much impact in the March numbers; federal layoffs actually dipped to 8,000 from February’s 19,000, which had been the most since November 2020.

“The job market is continuing to hold its own, but barely,” said Robert Frick, economist with the Navy Federal Credit Union. “While job openings dropped below forecasts, they haven’t hit a post-COVID low.

“Hiring holds steady and layoffs dipped a bit, showing that, overall, employers are clinging to the employees they have. But this is likely the calm before the storm, as layoffs are pending in government contractors and manufacturers, and other sectors affected by government layoffs and tariffs.”

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll.

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The Conference Board said Tuesday that its consumer confidence index fell 7.9 points in April to 86, its lowest reading since May 2020. Nearly one-third of consumers expect hiring to slow in the coming months, nearly matching the level reached in April 2009, when the economy was mired in the Great Recession.

The figures reflect a rapidly souring mood among Americans, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump. About half of Americans are also worried about the potential for a recession, according to a survey by The Associated Press-NORC Center.

“Rattled consumers spend less than confident consumers,” said Carl Weinberg, chief economist at High Frequency Economics, in an email. “If confidence sags and consumers retrench, growth will go down.”

A measure of Americans’ short-term expectations for their income, business conditions and the job market plunged 12.5 points to 54.4, the lowest level in more than 13 years. The reading is well below 80, which typically signals a recession ahead.

How this gloomy mood translates into spending, hiring, and growth will become clearer in the coming days and weeks. On Wednesday, the government will report on U.S. economic growth during the first three months of the year, and economists are expecting a sharp slowdown as Americans pulled back on spending after a strong winter holiday shopping season.

And on Friday the Labor Department will release its latest report on hiring and the unemployment rate. Overall, economists expect it should still show steady job gains, though some forecast it could report sharply reduced hiring.

The stark decline in consumer confidence also likely reflected the sharp swings in stock and bond prices that roiled financial markets earlier this month. While all age groups and most income brackets reported lower confidence, the decline was steepest among households earning more than $125,000 and among consumers 35 to 55 years old.

Though major U.S. markets rebounded over the past week, the S&P 500 is still down 6% for the year and the Dow Jones has lost 5%. The growth-heavy Nasdaq is down 10% in 2025.

The Conference Board said that mentions of tariffs in write-in responses reached an all-time high this month, with the duties on the top of consumers’ minds. Trump has imposed a tariff of 10% on nearly all imports, as well as a huge 145% tariff on most goods from China. He has imposed separate import taxes on steel, aluminum, and cars.

More Americans are also now worried that the economy could tip into a recession, with the proportion of consumers expecting a downturn in the next 12 months reaching a two-year high.

Fewer consumers said they were planning to buy a home or car in the next six months. Sales of previously occupied U.S. homes slowed last month in a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged those looking.

And Americans also said they would spend less on services. The proportion of Americans planning an overseas vacation in the next six months fell to 16.4%, down from 24.1% in December. And the proportion of consumers planning to spend more on dining out plummeted by nearly the most on record in April, the Conference Board said.

By LISA MASCARO, Associated Press Congressional Correspondent

WASHINGTON (AP) — The Trump administration has frozen, stalled or otherwise disrupted some $430 billion in federal funds — from disease research to Head Start for children to disaster aid — in what top Democrats say is an “unprecedented and dangerous” assault on programs used by countless Americans.

Sen. Patty Murray of Washington and Rep. Rosa DeLauro of Connecticut on Tuesday released an online tracker that is compiling all the ways President Donald Trump and his adviser Elon Musk’s Department of Government Efficiency are interrupting the flow of federal funds, often going up against the law.

“Instead of investing in the American people, President Trump is ignoring our laws and ripping resources away,” said Murray and DeLauro, who are the top Democrats on the Appropriations committees in Congress.

“No American president has ever so flagrantly ignored our nation’s spending laws or so brazenly denied the American people investments they are owed,” they said.

President Donald Trump listens as Elon Musk speaks in the Oval Office at the White House, Tuesday, Feb. 11, 2025, in Washington. (AP Photo/Alex Brandon)

The tally is far from complete or exhaustive, the lawmakers said, but a snapshot in time. It comes in a rapidly changing political and legal environment as the Trump administration faces dozens of lawsuits from state and local governments, advocacy organizations, employees and others fighting to keep programs intact.

At 100 days into Trump’s return to the presidency, the project showcases the extent to which the White House is blocking money that Congress has already approved, touching off a constitutional battle between the executive and legislative branches that has real world ramifications for the communities the lawmakers serve.

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The White House and its Republican allies in Congress have said they are working to root out waste, fraud and abuse in government. The Trump administration is in court fighting to keep many of the administration’s cuts even as Musk, whose own popularity has dropped, says he will be cycling off DOGE’s day-to-day work.

And Trump’s director of the Office of Management and Budget intends to soon send Congress a $9 billion rescissions package, to claw back funds through cuts to the U.S. Agency for International Development and others.

Murray and DeLauro said they want to “shine a light on President Trump’s vast, illegal funding freeze and how it is hurting people in every zip code in America.” They said it’s time for Trump and Musk “to end this unprecedented and dangerous campaign.”

While Republicans have also stirred with concerns about Trump’s spending cuts, many are reluctant to do so publicly as they try to avoid Trump’s reactions. Instead, they tend to work behind the scenes to restore federal dollars to their home states or other constituencies that have been put at risk by Trump’s actions.

The powerful Appropriations committees in the House and the Senate, where Republicans have majority control of both chambers, draft the annual funding bills that are ultimately approved by Congress and sent to the president’s desk for his signature to become law.