Trump Pauses Tariffs For Autos As Trudeau Call Yields No Breakthrough

International Business Times AU

International Business Times AU

Summary

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Automakers received temporary reprieve Wednesday from U.S. President Donald Trump's tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.
Hürriyet Daily News
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Global Markets Rise as Trump’s One-Month Tariff Exemption Lifts Automakers
The Wall Street Journal
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Shares of Ford Motor Co., General Motors Co., and Stellantis NV rallied on Wednesday after the Trump administration announced a temporary exemption from tariffs on some vehicles imported from Mexico and Canada.
Asianet Newsable
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The exemption decision came after 25 percent tariffs on Canadian and Mexican goods — with a carve-out for Canadian energy to be taxed at 10 percent -- went into effect on Tuesday, following a one-month pause that Trump agreed to as the two countries pledged to bolster efforts to prevent cross-border drug trafficking.
The Korea Times

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References

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Truth Social
Donald J. Trump (@realDonaldTrump)
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