President Trump has signed a new executive order aimed at softening certain automotive tariffs that his administration enacted earlier this month. This decision marks a significant shift in trade policy, aiming to bolster the struggling auto industry amidst increasing economic challenges. CNBC’s Phil LeBeau joins ‘Squawk Box’ to dissect the implications of this order. With the automotive sector facing mounting pressures, this move could provide some much-needed relief. Auto manufacturers and consumers alike are closely watching these developments. The changes might also signal a shift towards more negotiations with trade partners, which could positively influence the market. As the automotive industry adapts to these new policies, we will explore how this could affect prices, production, and overall economic growth.