Trump Grants Temporary Tariff Reprieve for Automakers

The one-month exemption aims to ease pressure on the auto industry while broader tariffs on Canadian and Mexican goods remain in effect.

President Donald Trump announced a one-month exemption for automakers from the newly imposed 25% tariffs on Canadian and Mexican imports.
The exemption applies to vehicles meeting the U.S.-Mexico-Canada Agreement's requirements, but many products and industries remain subject to the tariffs.
Trump's decision followed discussions with the CEOs of Stellantis, Ford, and General Motors, who sought relief from the tariffs' impact on their supply chains.
Canada and Mexico have announced retaliatory measures, with Mexican President Claudia Sheinbaum expected to detail her response at a rally on Sunday.
Trump plans to implement additional reciprocal tariffs on April 2, targeting countries with high import duties on U.S. products, including India, Brazil, and the European Union.