The reprieve applies to cars from Canada and Mexico that comply with the free-trade deal between those two countries and the U.S.
2don MSN
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 agreed to delay tariffs for one month on some vehicles built in North America after a call with the CEOs of General Motors and Ford and the chair of Stellantis, the White House said Wednesday.
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
OTTAWA — The White House announced on Wednesday that the U.S. was providing a one-month exemption to automobiles covered by a free trade agreement with Canada and Mexico from the 25 per cent tariffs he slapped on both countries.
U.S. automakers are getting a one-month exemption from the Trump administration’s tariffs that went into effect Tuesday.
The White House press secretary said Trump decided to pause the 25% tariffs on auto imports after talking to officials with Ford, GM and Stellantis.
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.
President Donald Trump on Thursday paused tariffs on some products from Mexico and Canada, temporarily withdrawing major portions of a policy issued two days earlier. The one-month exemption will lift tariffs for all Canadian and Mexican goods compliant with United States-Mexico-Canada Agreement,
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.
President Trump is granting automakers a one-month exemption from tariffs he imposed on Mexico and Canada, the White House said Wednesday. "The president is happy to do it," White House Press Secretary Karoline Leavitt said.
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