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 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),
The White House said Donald Trump spoke to Stellantis, Ford, and General Motors officials who asked for the tariffs exemption.
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.
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.
The White House on Wednesday announced a one-month tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis. Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s rules of origin.
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.
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, the White House said Wednesday. The automakers had urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the 2020 U.
The Dow rallied on Wednesday after the White House confirmed automakers would be exempted from tariffs on Mexico and Canada for a month. White House press secretary Karoline Leavitt said General Motors,
The reprieve applies to cars from Canada and Mexico that comply with the free-trade deal between those two countries and the U.S.
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.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.