President Trump grants three US auto manufacturers a postponement of one month: Ford vehicles, General Motors and Stellantis are not initially documented if they are imported from Canada or Mexico.
After the US tariffs come into force on goods from Mexico and Canada, President Donald Trump wants to exclude the domestic auto industry for the time being. Trump said that there were no tariffs from the US car manufacturers from neighboring countries for a month. Previously, the President had spoken to the bosses of the US car manufacturer Ford, General Motors and Stellantis.
Speaker warns corporations to a hurry
“At the request of the company associated with the USMCA, the president grants them a one -month exception so that they do not suffer any economic disadvantage,” said Trump’s spokeswoman Karoline Leavitt. The USMCA is the North America free trade agreement that the USA, Mexico and Canada signed during Trump’s first term.
When asked whether 30 days are sufficient for the automotive sector to prepare for the tariffs, Leavitt said that Trump was very open to the car manufacturers: “He told them that they should hurry, invest and move production to the United States of America where they do not have to pay tariffs.”
Auto industry fears decommissioning
The temporary suspension of tariffs for US carmakers is a brief relief before Trump wants to impose his so-called “reciprocal tapefits”, mutual tariffs from April 2. This means that the United States will raise import duties on products as soon as another country occupies US products with tariffs.
If the tariffs are not lifted, it will take about ten days before the US and Canadian auto industry has to shut down the assembly ligaments, the car manufacturer Ford told the AP news agency: “People will lose their jobs.”
Canada reacted with counter -tariffs
In the United States, tariffs from Canada have been in the amount of 25 percent in the USA, and ten percent for Canadian energy products. Experts fear that the US industry could suffer. The large trading partners immediately reacted with countermeasures.
In response, Canada announced immediate counter-duties of 25 percent of US imports worth $ 20.7 billion. Government circles said that Canada was ready to reduce the tariffs if the US government should lift some of the tariffs it imposed.
