Donald Trump hands carmakers 1-month reprieve from tariffs

The reality is that a month is nowhere near enough time for automakers to relocate factories or reconfigure supply chains,

said Jessica Caldwell, head of insights at Edmunds

We share the President's objective to build more American cars and create lasting American jobs. We look forward to working with him and his team,

Stellantis said in a statement

Most anticipate the price of some vehicle models will increase — by as much as 25 percent — and the negative impact on vehicle price and vehicle availability will be felt almost immediately,

Bozzella added

All automakers will be impacted by these tariffs on Canada and Mexico,

said John Bozzella, the CEO of the Alliance for Automotive Innovation, a trade group representing most major U.S. automakers except Tesla

Let’s be real honest: Long term, a 25% tariff across the Mexico and Canada borders would blow a hole in the U.S. industry that we’ve never seen,

Farley said at an investor conference last month

There will be a little disturbance, but we’re OK with that,

Trump said

Plants are opening up all over the place. Deals are being made,

Trump said