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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 “Big Three” automakers — 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 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 companies with production facilities in the three North American countries.
Asked if there would be any other carveouts to come, Leavitt said Trump is “open to hearing about additional exemptions.”
Trump on Tuesday imposed 25 percent tariffs on imports from Canada and Mexico, as well as an additional 10 percent tariff on Chinese goods. He cited frustration over the flow of fentanyl into the United States, though experts have noted relatively little fentanyl enters the country through the northern border.
This is a breaking news story. Please check back for updates.
