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.
President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three
President Donald Trump has agreed to exempt automobiles from newly imposed tariffs on imports from Canada and Mexico for the next month.
Following the global debut in the United States, the fully electric, extended-length 2026 Cadillac Escalade IQL has also been announced for the Canadian market.
Officials reportedly met with Ford, General Motors and Stellantis NV executives on Tuesday to discuss the impact of the tariffs and possible relief measures.
WASHINGTON — 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 Trump paused 25% tariffs on Mexican and Canadian imports covered by a North American trade pact until April 2. Why it matters: It's the latest abrupt pivot in the Trump administration's trade policy,
President Donald Trump has approved a request to exempt automobiles from tariffs that have been imposed on imports from Canada
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs placed on Canada and Mexico by President Donald Trump.
President Donald Trump is giving US automakers a brief delay on tariffs imposed against Canada and Mexico as trade war tensions escalate and concerns rise domestically about the economy.The pause was confirmed at a news briefing by
What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.