Reported about 10 hours ago
President Trump has granted a one-month exemption from auto tariffs for Mexico and Canada, following discussions with major automakers to support the U.S. automotive industry. This temporary measure aims to prevent financial harm to companies like Ford, General Motors, and Stellantis, which rely heavily on cross-border supply chains. Despite this concession, the 25% tariffs on other goods from these countries remain in effect, prompting criticism from Canadian officials. The exemption is seen as a strategic move to encourage domestic production, although the overall uncertainty regarding future tariffs continues to loom over businesses.
Source: YAHOO