Trump exempts carmakers from tariffs temporarily

Quick Summary:

The US president spoke to Prime Minister Justin Trudeau about trade tariffs on Wednesday.

US President Donald Trump said he will temporarily spare carmakers from a new 25% import tax imposed on Canada and Mexico.

The White House said it would grant a one-month exemption to the tariffs for the car industry after pleas from Ford, General Motors and Stellantis, which have supply chains that stretch across the continent.

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Article Details

Category: Business

Markets: United KingdomCanadaChinaMexicoUnited States

Topics: Trudeau Import Tariffs Trump Goods Lutnick President Drugs Canada Mexico

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 19:32:34 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26684468

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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