We're tracking several developments involving the Trump administration this week. Following talks with big three automakers, Ford, General Motors and Stellantis, President Donald Trump has given the auto industry a one-month exemption to tariffs on imports from Canada and Mexico.
The announcement comes after Trump spoke with leaders of the "big 3" automakers, Ford, General Motors, and Stellantis on Wednesday.
Ford, General Motors and Stellantis will get a one-month reprieve from 25% tariffs on imports from Mexico and Canada.
President Donald Trump agreed to delay tariffs for one month on some vehicles built in North America after a call with the CEOs of General Motors and Ford, the White House said Wednesday. The automakers had urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the 2020 U.
Shares of automakers Ford, General Motors and Stellantis traded at or near session highs Wednesday afternoon, after the White House said it would give a one-month exemption to tariffs on automobiles coming from Canada and Mexico.
The Dow rallied on Wednesday after the White House confirmed automakers would be exempted from tariffs on Mexico and Canada for a month. White House press secretary Karoline Leavitt said General Motors,
Following the global debut in the United States, the fully electric, extended-length 2026 Cadillac Escalade IQL has also been announced for the Canadian market.
President Donald Trump has approved a request to exempt automobiles from tariffs that have been imposed on imports from Canada
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
WASHINGTON — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.
What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.