Particle.news
Download on the App Store
9 ARTICLES
·
last mo.

Trump Grants Temporary Tariff Exemption for North American Auto Sector

The U.S. administration announced a 30-day reprieve from new 25% tariffs on Canadian and Mexican vehicles to protect American automakers' supply chains.

Cette exemption temporaire aux droits de douane a été décidée pour que les grands constructeurs automobiles américains «ne subissent pas de désavantages économiques», a expliqué devant la presse la porte-parole de la Maison Blanche, Karoline Leavitt.
Image
Des camions du coté mexicain de la frontière avec les Etats-Unis, à Tijuana, le 4 mars 2025
Image

Overview

  • The White House has granted a one-month exemption on 25% tariffs for vehicles imported under the Canada-United States-Mexico Agreement (CUSMA), citing economic concerns for U.S. automakers.
  • The automotive industry, with supply chains spanning the U.S., Canada, and Mexico, heavily relies on cross-border trade for parts and assembly processes.
  • The tariff exemption was requested by American automakers to avoid financial disadvantages and potential disruptions to production lines.
  • Financial markets reacted positively to the news, with major U.S. stock indices, including the Dow Jones and Nasdaq, posting significant gains following the announcement.
  • Canada has vowed retaliatory tariffs on select U.S. goods while signaling the potential for an expanded list in response to the broader trade measures.