President Donald Trump exempts some car manufacturers from the new tariffs imposed on Canada and Mexico for a month. The president has been open to expand the benefit to other products, the White House reported.
The president of the United States, Donald Trump, delayed a new 25 % tariff on Wednesday to imports of vehicles in Mexico and Canada for a month, amid fears that the imposition of tariffs on neighboring countries can harm the “three large” US car manufacturers.
Trump is also open to listen about other products that should be exempt from tariffs, which came into force on Tuesday, said the White House.
Trump tariffs pose extreme difficulties for car manufacturers, which produce vehicles in the three countries often send parts through the borders of North America several times as they are built in finished systems and vehicles.
A one month exemption for cars and trucks that meet the complex rules of content of the agreement between the United States, Mexico and Canada, as Trump has outlined, would be a blessing for Ford, GM and Stellantis.
Trump would also eliminate the 10 % tariff on Canadian energy imports, such as oil and gasoline, which meet the rules of origin of the TMEC, said a source familiar with discussions.
The ads were given after a conversation with Prime Minister Justin Trudeau, whom Trump said he had not done enough to stop the smuggling of fentanyl.
Trump has also imposed an additional tariff of 10 % to Chinese products.
Trump and Trudeau discussed the fentanyl and commercial issues in their phone call and the conversations will continue between the two countries, said the office of the Canadian leader.
Trump wrote on his social truth platform that he told Trudeau that Canada and Mexico had not done enough to stop the smuggling of Fentanil. “The call ended 'something' friendly!”
Tariffs threaten to derail the incipient economic recovery of Canada and could trigger a recession, since the country depends on the United States for 75 % of its exports and a third of all its imports.
On Wednesday, the World Trade Organization said that Canada submitted a request for consultations on differences to address the new US tariffs applied to native products of the country.