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Trump Gives Automakers A Brief Break On Tariffs

Trump Gives Automakers A Brief Break On Tariffs

Trump will exempt automakers from the 25% tariff on Mexican and Canadian goods for at least a month, the White House said. The exemption applies to vehicles that comply with the relatively complicated criteria set out in the U.S.-Mexico-Canada free trade agreement. Moving an automotive supply chain takes a lot longer than a month, though, so this isn’t the end of the problem for car companies. President Donald Trump granted automakers a temporary reprieve from his newly announced tariffs Wednesday. The new 25% tariff on almost all imports from Mexico and Canada will not apply to automakers for at least one month, the White House said. It’s an important break for the industry, which has become ground zero for the tariff war. Trump’s press secretary said the decision was made