The president signs order exempting carmakers from aluminum and steel levies; he also plans to offer rebates for vehicles finished in the U.S.

U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration.

The Trump administration's change in tune comes after near-daily meetings with automakers, who now won't be charged other levies on top of the auto tariffs.