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- Trump Pauses Auto Tariffs for One Month Amid Ongoing Trade Talks with Canada and Mexico
Trump Pauses Auto Tariffs for One Month Amid Ongoing Trade Talks with Canada and Mexico
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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.
The president is open to hearing about additional exemptions.
They made the ask, and the president is happy to do it.
At the request of the companies associated with U.S.M.C.A., the president is giving them an exemption for one month so they are not at an economic disadvantage.
Trump's tariffs
- Donald Trump Announces 90-Day Tariff Reduction with China
- US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
- Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
sources
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.United States–Mexico–Canada Agreement
countries
- 1.Canada
- 2.China
- 3.Mexico
- 4.United States
organizations
- 1.Ford Motors
- 2.Stellantis NV
- 3.General Motors Co
- 4.White House
- 5.American Automotive Policy Council
- 6.Honda
- 7.Toyota
persons
- 1.Donald Trump
- 2.Justin Trudeau
- 3.Karoline Leavitt
- 4.Ana Swanson
- 5.Claudia Sheinbaum
- 6.Doug Ford
- 7.Jack Ewing
- 8.Jim Farley
- 9.John Elkann
- 10.Mary T Barra
- 11.William Reinsch