Trump grants automakers one-month exemption from tariffs [View all]

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Source: CNBC

Published Wed, Mar 5 20251:44 PM EST Updated 59 Min Ago


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.

“Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,” Press Secretary Karoline Leavitt said on behalf of Trump.

Leavitt confirmed the automakers requested the Tuesday call with Trump, who mentioned it during his address to Congress later in the day.

The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated under Trump’s first term in office.

Read more: https://www.cnbc.com/2025/03/05/trump-grants-automakers-one-month-exemption-from-tariffs.html

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Article updated.

Previous article -

Published Wed, Mar 5 20251:44 PM EST Updated 9 Min Ago


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.

"Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage," Press Secretary Karoline Leavitt said on behalf of Trump.

The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated under Trump's first term in office.

Original article -

Published Wed, Mar 5 20251:44 PM EST


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