Home Business President Trump Grants Automakers One-Month Tariff Exemption Amid Industry Concerns

President Trump Grants Automakers One-Month Tariff Exemption Amid Industry Concerns

by Sonia Park
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President Trump Grants Automakers One-Month Tariff Exemption Amid Industry Concerns

President Donald Trump has announced a one-month exemption from the recently imposed 25% tariffs on imports from Canada and Mexico for U.S. automakers. This decision comes after discussions with executives from General Motors, Ford Motor, and Stellantis, aiming to provide temporary relief to the automotive industry facing potential significant cost increases.

https://youtu.be/aMltinS0ux0

Press Secretary Karoline Leavitt said President Trump spoke to the big three automakers today.

The tariffs, initially set to take effect on March 4, were part of the administration's strategy to address issues related. . .

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