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White House Grants One-Month Tariff Exemption for Automakers

White House Grants One-Month Tariff Exemption for Automakers

WASHINGTON—Automakers will get a one-month reprieve from tariffs on Mexico and Canada for cars that comply with a free-trade agreement between those two nations and the U.S., the White House said Wednesday.
The move follows a request from the heads of Ford Motor Co., F 5.81%increase; green up pointing triangle General Motors Co. and Stellantis STLA 9.70%increase; green up pointing triangle NV, White House press secretary Karoline Leavitt said, and would apply to autos imported through the U.S.-Mexico-Canada Agreement, or USMCA, the successor trade deal to 1994's North American Free Trade Agreement.
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