President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three
Stellantis, Ford and General Motors are getting a one-month exemption from the Trump administration’s tariffs that went into effect Monday.
The White House said President Trump has given Ford, General Motors and Stellantis a one-month reprieve from tariffs on imports from Canada and Mexico.
Shares of GM, Ford, and Stellantis gained Wednesday as the White House granted the automakers a one-month exemption from new tariffs on Canada and Mexico.
GM and Stellantis would be most affected by the tariffs, given that they rely “significantly” on both Canada and Mexico for their U.S. vehicle sales.
After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers. While greeting Trump's tariff reprieve for USMCA-covered auto imports,
The Trump administration is granting a one-month carveout on tariffs against Canada and Mexico for automakers, White House press secretary Karoline Leavitt announced.
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
The White House said on Wednesday that U.S. President Donald Trump is granting a one-month exemption to three major automakers from the newly imposed 25-percent tariffs on Mexico and Canada. "We spoke with the big three auto dealers (makers),
President Donald Trump granted a one-month tariff exemption to any autos coming from Mexico and Canada for Ford, General Motors, and Stellantis.
President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt confirmed Wednesday.