Get the latest tech news
Trump gives Big 3 automakers one month tariff reprieve to move operations to US
President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three
President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers — General Motors, Ford, and Stellantis — according to Politico. The reprieve comes less than two days after Trump issued 25% tariffs on all goods from the U.S.’s neighbors, which had previously been duty-free under a North American trade agreement(sometimes characterized as NAFTA 2,0) negotiated during his first term. For example, GM produces its Chevy Equinox in Mexico and Canada, and both Ford’s Lincoln Nautilus SUVs and Stellantis’s Dodge Chargers are made in Ontario.
Or read this on TechCrunch