What might the “Big Three” U.S. automakers do now that they have a reprieve from tariffs imposed on Canadian and Mexican products? The answer for Ford Motor Co. General Motors Co. and Stellantis NV is likely to be building up inventories as fast as they can,
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.
President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March 4, White House press secretary Karoline Leavitt said on Wednesday. The announcement comes after Mr.
Auto manufacturing — a staple of the Michigan economy for generations — represents one of the industries most vulnerable to international competition during U.S.-imposed tariffs, experts say.
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.
Frustrations mount at tariff-weary carmakers, suppliers; consumers consider whether March is a great month to buy or lease
The White House said Donald Trump spoke to Stellantis, Ford, and General Motors officials who asked for the tariffs exemption.
4don MSN
President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers
President Donald Trump granted a one-month tariff exemption to any autos coming from Mexico and Canada for Ford, General Motors, and Stellantis.
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
The Trump administration has postponed tariffs for U.S. automakers by one month, while keeping the rest of 25 percent tariffs imposed on Mexico and Canada.
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