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NextImg:BREAKING: President Trump to give big automakers short exemption on new tariffs – The Right Scoop

At the request of three big automakers, President Trump is granting a short exemption on his new tariffs that went into effect this week.

The exemption will last one month and will prevent them from being at an economic disadvantage.

Here’s more from Fox News:

The “Big Three” automakers are getting a one-month exemption from the Trump administration’s tariffs that went into effect Monday, White House press secretary Karoline Leavitt announced Wednesday.

“We spoke with the Big Three automakers,” Leavitt confirmed. “We are going to give a one-month exemption on any autos coming through USMCA [United States-Mexico-Canada Agreement].

“Reciprocal tariffs 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,” Leavitt said.

She told reporters that Stellantis, Ford and General Motors were the companies Trump spoke with.

“They requested the call. They made the ask and the president is happy to do it,” Leavitt added. “It’s a one-month exemption.”

In mid-February, Trump signed an executive order imposing reciprocal tariffs on U.S. trading partners, effectively raising duties on imports to match those levied on America’s exports.

The Trump administration aims to complete its trade review by April 1 and plans to target what it calls the most “egregious” issues first, including countries with large trade surpluses with the U.S. and the highest tariff rates on American goods.

The president’s tariffs would match other countries’ higher tariff rates and aim to counter other trade barriers like burdensome regulations, value-added taxes, government subsidies and exchange rate policies and to negotiate with some countries to reduce those barriers.