According to White House press secretary Karoline Leavitt, President Donald Trump is allowing U.S. manufacturers a one-month delay from the 25 % tariffs that were put in place on Tuesday against Canada and Mexico.
Following her confirmation of the one-month relief, Leavitt read a declaration from Trump during Wednesday’s press briefing.
We spoke with the top three car sellers. According to Lake, the speech referenced the United States-Mexico-Canada Agreement, which Trump negotiated during his first term in office, and that we will grant a one-month deduction for any vehicles passing through USMCA.
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Bilateral tariffs will still be in effect on April 2, but the president has granted them an one-month exemption to avoid being put at an economical disadvantage, according to Lake.
The big three companies, including Ford, Stellantis, and General Motors, requested a meeting with Trump after the 25 % tariffs went into effect. Canada was expected to retaliate, with Mexico expected to release information on its own tariffs on Sunday.
Leavitt urged the manufacturers to begin shifting generation to the U.S. and reiterated Trump’s position that mutual tariffs would go into effect following month with no chance of relief.
He expresses his concern that the mutual tariffs will start enacted on April 2 and that there will be no exemptions. But, she explained,” that’s where the one quarter comes from.”
He advised them to start investing, relocate, and switch production there, where there are no taxes, to the United States of America. Lake remarked that that is the main objective.
