Car manufacturers receive a liberation of Trump’s 25 percent tariffs from Trump

• The “Big Three “Domestic car manufacturers have granted a one-month exemption from the 25 percent tariffs for imports from Canada and Mexico.
• Ford, GM and Stellantis (formerly Chrysler), whose vehicles correspond to the USMCA, now have time to prepare for taxes until April 2.
• The tariffs that came into force yesterday have triggered concerns about the significant increase in production costs and to increase new car prices.

One day after the Trump management had implemented 25 percent tariffs for imported goods from Canada and Mexico, the White House announced that car manufacturers who comply with the USMCA agreement of the US-Mexico Canada (USMCA) will receive a 30-day liberation that is to raise on April 2.

“We spoke to the Big Three (car manufacturers). We will give a one-month liberation of cars that come from USMCA. The mutual tariffs will continue to come into force on April 2, but at the request of the companies associated with USMCA, the president gives them an exception for a month so that they do not in a white lesson in a white stay in a white Are American secretary.

The three domestic car manufacturers include Ford, General Motors and Stellantis (formerly Chrysler). Leavitt confirmed that representatives of each company spoke to Trump yesterday to apply for the liberation. CNBC reported that Ford CEO Jim Farley and Chairman Bill Ford as well as the GM CEO Mary Barra and the chairman of Stellantis, John Elkann, were involved in the call.

The Trump administration announced the break, but did not state the automotive imports that covered it. However, it is expected that both auto parts and new vehicles are included in the exception. It is also unlikely that every car manufacturer can change their production process and the supply chains in the 30-day window dramatically. When Leavitt was asked about it, she said, Trump, “said you should invest, invest production here to the United States of America where you will not pay a tariff. That is the ultimate goal.”

This is not the first time that Trump has postponed the 25 percent tariffs to goods that were imported from Canada and Mexico. At the beginning of February, the President and the leaders from both countries agreed to a separate 30-day break, which was lifted yesterday, on March 4. However, the most recent break only applies to companies that meet the USMCA and the concerns remain that if the tariffs come into force, they will increase the manufacturing costs significantly and increase the prices of New Cars from New Cars. According to a report from the Detroit Free PressSome analysts believe that prices for new cars could rise between $ 1,000 and $ 9,000.

Eric Stafford’s automotive dependency began before he could go, and she fueled his passion to write news, reviews and more for Car and driver His effort since 2016. Apparently it is more difficult to get rich to get rich than social media influencers seem to be avoiding financial success to become an automotive journalist and to live new cars for his livelihood. After a journalism degree at Central Michigan University and the work in a daily newspaper, the years of burning money for failed project cars and jalopies with lemon flavor finally paid off when Car and driver hired him. His garage currently includes an Acura RDX from 2010, a manual ’97 Chevy Camaro Z/28, and a ’90 Honda Crx Si.