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As 25% tariffs on goods from Canada and Mexico take hold, President Trump has announced a one-month reprieve just for automakers, a huge source of cross-border business.
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Trump agrees to one-month tariff reprieve aimed at helping U.S. automakers The Washington PostFacing market pressure and GOP pushback, Trump delays auto tariffs CNNAutomakers get 1-month tariff exemption, White House says Fox BusinessTrump grants one-month exemption for US automakers from new tariffs on imports from Mexico, Canada The Associated Press
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President Trump's 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods.
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Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs placed on Canada and Mexico by President Donald Trump, a sudden backing away after Tuesday's tax hike hurt the stock market, worried consumers and started a trade war.
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