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  5. Trump Pauses Auto Tariffs for One Month Amid Ongoing Trade Talks with Canada and Mexico

Trump Pauses Auto Tariffs for One Month Amid Ongoing Trade Talks with Canada and Mexico

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US President Donald Trump has announced a one-month exemption for US automakers from a 25% tariff on cars imported from Canada and Mexico. This exemption applies to cars and trucks that meet the USMCA's content rules, but other tariffs remain in place. Trump stated that he had spoken with the leaders of the three largest US automakers, Ford, General Motors, and Stellantis, before making this decision. The announcement was met with a surge in Wall Street stocks, with the shares of these three automakers increasing by 6% or more.

  1. US
    Karoline Leavitt
    Republican Party
    1. The president is open to hearing about additional exemptions.
    2. They made the ask, and the president is happy to do it.
    3. At the request of the companies associated with U.S.M.C.A., the president is giving them an exemption for one month so they are not at an economic disadvantage.

Trump's tariffs

  1. US-EU Trade Relations in Question as Trump Announces New Tariff Threat
  2. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  3. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers

sources

  1. 1.Le Monde
  2. 2.The New York Times
  3. 3.CTV News
  4. 4.Al Jazeera
  5. 5.CNA News
  6. 6.Associated Press
  7. 7.Reuters
  8. 8.Times

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.CanadaCA
  2. 2.MexicoMX
  3. 3.United StatesUS
  4. 4.ChinaCN

organizations

  1. 1.Ford Motors
  2. 2.Stellantis NV
  3. 3.General Motors Co
  4. 4.White House
  5. 5.American Automotive Policy Council
  6. 6.Honda
  7. 7.Toyota

persons

  1. 1.Donald TrumpUS
  2. 2.Justin TrudeauCA
  3. 3.Karoline LeavittUS
  4. 4.Ana Swanson
  5. 5.Claudia SheinbaumMX
  6. 6.Doug FordCA
  7. 7.Jack Ewing
  8. 8.Jim Farley
  9. 9.John Elkann
  10. 10.Mary T Barra
  11. 11.William ReinschUS

technicals

  1. 1.United States–Mexico–Canada Agreement