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Trump grants 1 month exemption for US automakers from new tariffs on imports from Mexico, Canada [Video]

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Canadian Economy and Markets

WASHINGTON (AP) — 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.

The announcement comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors, and Stellantis on Wednesday. Trump also said he told the automaker chief executives that they should move production to the U.S from Canada and Mexico, according to White House press secretary Karoline Leavitt.

“We spoke with the big three auto dealers,” Trump said in a statement read by his spokesperson. “We are going to give a one month exemption on any autos coming through USMCA,” referencing the North American free trade agreement he renegotiated in his first term.”

Trump’s press secretary said the president is open to hearing about additional exemptions but Canadian Prime Minister Justin Trudeau is not …

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