The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.

President Donald Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday to CNBC's Eamon Javers. The confirmation follows a Financial Times report that Trump is planning to exempt auto parts from tariffs on imports from China.

On Tuesday, the administration of US President Donald Trump will take steps to reduce the impact of automobile tariffs, according to Reuters and Bloomberg. According to officials, the tariffs will be eased on foreign-made auto parts produced domestically,