President Donald Trump approved a one-month exemption on newly implemented Canadian and Mexican tariffs for U.S. automakers, Press Secretary Karoline Leavitt said Wednesday after members of the Trump administration reportedly met with the three biggest U.S. carmakers.
President Donald Trump addresses a joint session of Congress in the Capitol building's House chamber ... [+]
Leavitt said at the White House press briefing Wednesday the U.S. is “going to give a one month exemption on any autos coming through USMCA,” or the United States-Mexico-Canada Agreement that Trump previously negotiated—a trade deal that includes rules around cars.
Leavitt said reciprocal tariffs—or tariffs equal to those that other countries charge for U.S. goods—will still go into effect on April 2, but “at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage.”
This story is developing and will be updated.
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Trump to Delay Canada, Mexico Auto Tariffs for One Month (Bloomberg)