President Trump on Wednesday announced a one-month exemption on tariffs against Canada and Mexico for cars following a meeting with the three major U.S. automakers.
Trump spoke with the leaders of the Ford, General Motors and Stellantis on the heels of imposing 25 percent tariffs on all imports from Mexico and Canada on Tuesday.
Following those discussions, Trump said in a statement read by White House press secretary Karoline Leavitt that the administration is giving a one-month exemption for automakers associated with the U.S.-Mexico-Canada trade agreement (USMCA), which Trump signed during his first term.
The exemption would apply to Ford, General Motors and Stellantis, as well as other companies with production facilities in the three North American countries.
Asked if there would be any other carve-outs to come, Leavitt said Trump is “open to hearing about additional exemptions.”
The one-month delay will expire in early April, when Trump has pledged to impose reciprocal tariffs on all other nations that have duties placed on American goods.
