Trump's tariffs

Trump Pauses Auto Tariffs for One Month Amid Ongoing Trade Talks with Canada and Mexico

US President Donald Trump has announced a one-month exemption for US automakers from a 25% tariff on cars imported from Canada and Mexico. This exemption applies to cars and trucks that meet the USMCA's content rules, but other tariffs remain in place. Trump stated that he had spoken with the leaders of the three largest US automakers, Ford, General Motors, and Stellantis, before making this decision. The announcement was met with a surge in Wall Street stocks, with the shares of these three automakers increasing by 6% or more.
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