Trump grants automakers one-month exemption from tariffs

[BumRushDaShow]

Source: CNBC

Published Wed, Mar 5 20251:44 PM EST Updated 59 Min Ago


The White House on Wednesday announced a one-month tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis.Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s rules of origin.

“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,” Press Secretary Karoline Leavitt said on behalf of Trump.

Leavitt confirmed the automakers requested the Tuesday call with Trump, who mentioned it during his address to Congress later in the day.

The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated under Trump’s first term in office.

Read more: https://www.cnbc.com/2025/03/05/trump-grants-automakers-one-month-exemption-from-tariffs.html

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Article updated.

Previous article -

Published Wed, Mar 5 20251:44 PM EST Updated 9 Min Ago


The White House on Wednesday announced a one-month tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis.

Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement's rules of origin.

"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," Press Secretary Karoline Leavitt said on behalf of Trump.

The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated under Trump's first term in office.

Original article -

Published Wed, Mar 5 20251:44 PM EST


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[Eugene]

1. MF47 just blinked.

What bs excuse will he use to call this a victory?

[Ocelot II]

2. What was the quid pro quo?

Trump always expects something in return for his "favors."

[Irish_Dem]

5. They must have paid the extortion fee.

Trump does nothing unless there is personal gain for himself.

[dweller]

3. Gives the automakers 30 days

To have fire sales and deplete stocks
And in the case of the swazicar, well … 🔥



✌🏻

[LudwigPastorius]

4. That won't stop them from preemptively raising prices.

[littlemissmartypants]

6. More dump and pump...

Shares of those automakers — the three largest U.S. producers of new vehicles were up between 4% and 9% early Wednesday afternoon.

[Wiz Imp]

7. Trump once again proves how weak and full of shit he really is.

He insisted that the tariffs would make the US auto industry greater than its ever been. So why would he pause it? Because someone must have finally convinced him that he is full of shit and his tariffs would in fact destroy the American auto industry. He is implicitly admitting that he lied and he has no idea how tariffs work....

[SeattleVet]

8. Just the automakers themselves, and not their suppliers?

Parts cross the border (sometimes multiple times) before they get to the automobile manufacturer. If they aren't also exempt the automakers will be paying the higher prices for those parts before they ever get used in their cars.

[twodogsbarking]

9. So who exactly paid the money and to whom did they pay it. Details, more details.

[NowsTheTime]

10. Reciprocal tariffs will still go into effect on April 2...Karoline Leavitt said" (so we wait till April 2 and see?)

[defacto7]

11. This is supposed to make us run out and buy a car?

Forget that.

[Bengus81]

13. Yeah...that's exactly what Mango Mussolini thinks people will do

Dream on asshat!!

[Hope22]

12. Imagine the self centeredness of this guy.

Like every foreign leader is just waiting to wake up in the morning and see what his highness has decided. This is how he tries to cloud our minds. Will my Medicaid be there , will my job be there, what about my social security, will our plane fly safely tomorrow? He tries to fool with each of us every day! I refuse. I think I’ve had enough. The foreign leaders are sick of it. They will take care of it if those in DC fail! They will not wait forever because it will only get worse. He is messing with the world now!