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.

President Donald Trump’s massive wager on tariffs with your money came together over years. It took just days to fall apart. This is Part 4 of an in-depth, contemporaneous look at the first 100 days of Trump’s second term.