We're tracking several developments involving the Trump administration this week. Following talks with big three automakers, Ford, General Motors and Stellantis, President Donald Trump has given the auto industry a one-month exemption to tariffs on imports from Canada and Mexico.

Stellantis, Ford and General Motors are getting a one-month exemption from the Trump administration’s tariffs that went into effect Monday.

The announcement comes after Trump spoke with leaders of the "big 3" automakers, Ford, General Motors, and Stellantis on Wednesday.

The White House announced a one-month exemption for U.S. automakers from newly imposed tariffs on Canadian and Mexican imports under the USMCA. The move follows requests from Ford (NYSE:F), General Motors (NYSE:GM),

White House Press Secretary Karoline Leavitt noted that Trump told Ford, General Motors and Stellantis to “start investing, start moving, shift production here.” It’s just not that simple.

President Donald Trump decided to give Ford, General Motors and Stellantis a one-month tariff exemption. The move comes a day after Trump enacted harsh tariffs on products from Canada and Mexico.

General Motors Corp., after a series of twists and complications, received final approval to go racing in Formula One in 2026.

Cadillac will add an 11th team to Formula 1 in 2026, and Minnesota Senator Amy Klobuchar is happy to see an all-American team take its place on the F1 grid.

Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.

The announcement came one day after Trump imposed 25% taxes — or tariffs — on Mexican and Canadian imports, which experts worried would hamstring Michigan's auto industry.

The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.