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Trump tariffs: Big 3 automakers granted one-month pause | LiveNOW from FOX
Posted
March 6, 2025
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6:52Now PlayingPresident Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for automakers in the U.S.
The Associated Press reported that President Donald Trump spoke with leaders of the "big 3" automakers, Ford, General Motors, and Stellantis on Wednesday.
"We spoke with the big three auto dealers," Trump said in a statement read by his spokesperson. "We are going to give a one month exemption on any autos coming through USMCA," referencing the North American free trade agreement he renegotiated in his first term.
The tariffs may possibly impact some auto parts multiple times as they cross the borders through the interconnected automotive supply chain between the U.S., Canada and Mexico, FOX Business reported, citing the Cato Institute.
Al Root with Barron's joins LiveNOW's Andrew Craft to discuss.
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